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HUNT’S
MERCHANTS’
$ -3011 fe I tj ^
representing the
industrial
VOL. 25.
and
SATURDAY, NQYEMBER 8, 1877.
THE CHRONICLE.
Congress and the Financial SituI Imports and
Exports for Septemation
417
ber, 1877.
423
The Bankrupt Law Question
418 Latest Monetary and Commercial
Josse Allard
410 I
English News.
423
Gold and Silver
419 | Commercial
and
Miscellaneous
The Laws and History «f Money 421 I
News
424
Financial Review of October
422 |
..
BANKERS’ GAZETTE.
I Quotations of Stocks and Bonds.
Railway Stocks, Gold Market,
| New York Local Securities
Foreign Exchange, N. Y. City
Investments, and State, City and
Banks, National Banks, etc
425 |
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
434
j Dry Goods
Cotton.
'.
%....
434 Imports and Receipts
Breadstuffs
438 1 Prices Current
Another question is as to the duration of the extra
session and the amount of work which it is
likely to
accomplish.
We have taken some pains to consult in
Washington those who are likely to have access to the
428
429
430
best
439
439
440
is that the extra session will not be
in
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as
some
seems
6 10.
(including postage)
have arrived at
brief as has been
we
fiscal character. But
be introduced and
ADVANCE:
postage)....
conclusion
brought before Congress this month of a financial and
although many bills will probably
discussed, the general expectation
Satur¬
midnight of Friday.
SUBSCRIPTION-PAYABLE
For One Year, (including
For Six Months
on
information, and the
quarters supposed, but that the interval between
it and the regular session will
probably be very small.
If this be so, considerable business
will, no doubt, be
€l)rouicle.
and
the methods or
rendering our
industry of the
country.
THE
Money Market, U. S. Securities,
NO. 645.
moderation and by a desire to
simplify
to diminish the cost of
collection, while
taxes as little injurious
as possible to the
9
TERMS OF
Mr js ijr a jr e y,
commercial interests of the united
states.
C O N T E N T S
The Commercial
MAGAZINE,
to
be that
none
of the bills
involving serious
changes in our currency or fiscal system will be seriously
pressed for legislation until towards the close of the
present year. Many reasons are assigned for this belief,
most of which rest
chiefly upon the difficulty that Con¬
gress will find in getting through its other business.
A third point is as to whether trade and
commerce
generally, are likely to be perturbed or interrupted, as
in the past has too often occurred
by the agitation of
financial schemes in Congress. This is a
very important
question at the present moment, both because our indus¬
trial activities are
hopefully recovering from their recent
depression, and also from
the sensitive condition of
public and private credit incident to the approach of
specie payments. In one respect the situation at present
differs from that of previous
years.
The frequent dread
and
CONGRESS AND THE FINANCIAL SITUATION.
At the
opening of a new session of Congress some
anxiety always prevails in the mercantile and financial
community to forecast the probable course of legislation
in
regard to taxation and the currency, and, as usual,
several questions are now
agitating the public mind.
The first is as to the committees.
As
depression which our industrial community have
suffered from at the beginning of
previous sessions, have
been due rather to the
anticipation of probable contrac¬
tion of the currency. Too often an
exaggerated fear
and
groundless prejudice have been excited by rumors
that the volume of the
currency was to be contracted,
and that inevitable
stringency and disaster would
the organization supervene.
The experience of France and of this
has now been
completed, the complexion of the Com¬ country during the last few years has
completely
mittee of Ways and Means and of that on
Banking and refuted the popular errors as to currency contraction,
Currency have been anxiously investigated, with the and has shown that the volume of paper
money, when it
ge;;;al result of satisfaction in regard to the first, and is excessive, may be narrowed and diminished
very
v^oubt if n t- i:°frust;> in regard to the second. - Th# swiftly in the ohannels of the
circulation, if the deple¬
%-■*>»««
,7m,, w„„; j ch““"ot. ,l,et c>Ti*
Z country at
e
bU
t0 0„
large, the assurance that no cruv..
Ievous 1<’scal experiments will be tried, but that
“?eS 8Ug.ge°ted in
a
tion be well-timed and be effected
at
any
our tax system will be founded on could
Principles and dictated by a
spirit of enlightened market.
by judicious methods;
present, however, no such apprehension as this dis¬
turbs the public mind in this
country. Few people
xpect that Congress will do
anything very soon that
'^sibly have the effect of disturbing the money
*
currency bills which have been pre¬
-
All tn^
.
THE CHRONICLE
418
Voi* xxv.
stringency, and his money he might get satisfaction otherwisethe
debtors’ prison was practically an instrument of torture
are capable of exerting very little influence one way or
for forcing reluctant debtors or for gratifying the cred¬
the other upon the monetary movements and currents
of the loan market.
Even should the date of the itor who felt revengeful; finally, it became a doctrine of
advancing civilization that the property alone, and not
resumption act be postponed from January 1, 1879, to a
the person, should be held responsible for debt, and
later period, it is not likely that any responsive move¬
A man
ment would be visible in the stagnant reservoirs of idle bankrupt laws are an expression of this idea.
cannot pay what he does not possess; it is useless to
capital in our chief financial centres.
thrash an empty sack; make the best of a bad matter*
In view of these facts, the money market may prob¬
these are the modern maxims. Accordingly, the theory
ably be considered safe from perturbation by Congress.
of bankrupt laws is, that it is better for all parties to
With regard to fiscal legislation the prospects are some¬
take what the debtor can pay and then let him start
what less definite. As stated above, we find current at
Washington a strong disposition to favor a consolida¬ again, than to bother about the matter, and that a gen¬
eral law for the whole country is preferable to leaving
tion and simplification of our tax methods by some
the subject to the States.
well-directed comprehensive fiscal reforms. It is well
But in escaping the evils resulting from the harsh or
known that, notwithstanding all that has been done
mistaken action of creditors, the evils of recklessness
since 1865, our tax system is still disfigured by the
and dishonesty on the part of debtors and of waste of
crude methods and false principles of our war finance.
assets in legal proceedings have been realized.
There
In view of the evils which bad taxation has worked in
is hardly a wholesale merchant who
cannot cite
the industrial system of this country, we several years
own
experience.
In one,
suggestive cases m
ago ventured to suggest a scheme of reform, and we
a debtor with
$65,000 assets -and $25,000 liabilities
showed that internal taxation and customs duties, to be
called in person and coolly requested a compromise at
tolerable in a free country like our own, must be levied
25 cents, offering bankruptcy and nothing as the alter¬
upon a much smaller number of articles and tax¬
payers,
and that our fiscal reformers ought to native; in another, a debtor offered 3 cents or bank¬
adopt this principle as fundamental in their ruptcy; not long ago, we heard of a person whose
future agitation.
So generally has this principle occupation consisted in buying up worthless securities
to bankrupts who wanted “ assets;” and
been recognized of late that several attempts have which he sold
been made by successive Committees of Ways and within the past fortnight we have seen, in the columns
Means to carry it out. For various reasons most of of one of the leading morning newspapers of this city,
an advertisement offering, in so many words and with¬
these plans have failed, and some of them did not
deserve to succeed. A new attempt, however, will be out the slightest attempt at concealment, to supply bank¬
made by the present Congress and with greater rupts with assets. The suggestiveness of such an occu¬
promise of success. During the summer recess the pation as this does not need pointing out. It is noto¬
Chairman of the Committee, Mr. Wood, has been rious, moreover, that a petition on which to go into
diligently at work upon his scheme, and several well- involuntary bankruptcy is easily procured from a
known fiscal reformers have aided in elaborating the friend, and by creating debts among friends the neces¬
new legislation.
If adopted, it will simplify and econo¬ sary proportion in numbers and amount can be had for
mize the fiscal administration of the country, and we a discharge. In the words of one merchant, “the invol.
believe that two bills are to be introduced, one for the untary bankrupt need have no assets, and one discharge
internal revenue and the other for the customs duties. is but an experience aiding him in getting a secend
until bankruptcy has developed into a trade, debauch,
Whether so extensive and valuable a reform can be
consummated during the next session, may perhaps admit ing public sentiment and encouraging fraud.” The gen¬
eral report from merchants is that the law has worked
of doubt, but that it will be proposed and urged before
Congress, with the sanction of the Committee of Ways badly for creditors and is working worse every year,
one firm saying that last year the average composition
and Means, we believe has been determined upon.
offered was 40 cents, and that this year it is 25 cents;
THE BANKRUPT LAW QUESTION.
the general practice reported is, on the debtor’s part, to
In response to urgent appeals to Congress—as those offer a certain composition, with the alternative of
interested in the subject will recall—a bill repealing bankruptcy and worse, and, on part of the creditor, a
the bankrupt law of 1867 passed the House of Repre¬ growing disposition to submit easily to the compromise.
sentatives early in the last session, but was smothered in The complaint is universal that the legal proceedings
the Senate Judiciary Committee, mainly by the pro¬ under the law not only consume time but the assets
nounced hostility of Mr. Edmunds of Vermont, its also, and that the matter is entirely in the hands of the
chairman, who, by the way, does not represent a State debtor and his attorney, so that, as one merchant says,
debtors and officials get the assets, and the creditors
where mercantile transactions are on a large scale. In
May, petitions were sent to the Senate asking for the get shadows of them.” Messrs. Dun, Barlow & Co.,
passage of the House bill (No. 390), but without effect. in their annual circular for January, after denouncing
The movement for repeal is now actively again pushed the law as “ that fruitful source of failures,” and as a
among the merchants, and Mr. McCreery’s repeal bill perpetual stimulus to fraud, say of it:
has already reached its first stage by unanimous consent;
The disposition is already sufficiently strong on the part of
this action, slight as it is, being in the Senate, and Con¬ wholesale dealers to compromise indebtedness, and thus
parties to remain in business who, by their failure A emonstrf a
gress having more opportunity now for business legisla¬ their lack of character, capacity, or capital *
j: tion to thii
tion as distinct from political, the success of the repeal the parties themselves can, by
1 vtlLt law force
their creditors into
aid of
ba1n^rruJ>_atP „a 0f t
attempt is at least quite possible.
„omg to their terms, the la . *
' ^
preventative, h**'
The “ pound of flesh” in Shakespeare’s familiar play is busine**_comes a virtual encouragement o
*r »
^
unsafe,
and
-only typical of the ancient harshness which held that a
places1oiC/att tremendousdisadvaottgf'
ymea should pro
,/ay a hundred cents on the dollar, ,
debtor ought to pay and was entitled to no con'*'* ’
hour mar not t»
The “ weedtag out process which the*
tion if he did not, so that if the credit^
_oidera- duce, in orde! that the restricted trade of tr.e hourrm J „
could not get divided among a number so large as to yteW profit to w
sented
so
far
are
of
a
nature adverse to
“
“
November
3,1877.]
THE OHKuNICLR.
instead of 100 is
virtually *t a standstill; for the number of those who go out of
business, in proportion to those who fail, is a mere bagatelle.
The whole future of the mercantile trade of the country is bound
up in this consideration.
The natural laws which govern com¬
merce, as to the number which can live on the business of any
<rfven locality, should be allowed to prevail; certainly, it was
neyer the intention that legislation should intervene to prevent
their action, and thus legalise failures, enforce compromises,
unsettle values of goods in each locality, and encourage a com¬
petition for a limited trade, in which all the advantages are in
favor of the most unprincipled.
There are possibly many sub¬
jects of grave importance that Congress can occupy itself with
during the present session; but if, on its parr, there is any dispo¬
sition to give attention to subjects of really practical advantage
to the trade of the country, there is none to which its best ability
could be more profitably directed than to the repeal or the
amendment of the bankrupt law.”
Careful inquiry has shown
in this city, the commission
abolition of the law. But
without a single exception,
by
the worst evil. Neces¬
sarily, those who pay their debts must bear the losses
on those who do not;
extravagance in living—as illus¬
trated in the
course
of
no means
a
well-known business
man
here
who
recently made a bad failure, needlessly, because,
although in receipt of a large income, he had been living
as if he supposed himself the
possessor of Fortunatus’
purse—is fostered; men go into mercantile business who
lack training, and conduct it without caution; honest
and careful traders are pressed by the competition of
their glittering neighbors who can undersell them, hav¬
ing no particular dread of failure; to have failed, even
more than once, is not held the galling
thing it used to
be, and does not even debar a man from further credit.
The influence of this loose, considerably dishonest and
very largely semi-dishonest, way of doing business is
demoralizing at every point, and it tends also to extend
itself. The experiences of an inflation era are precisely
those calculated to make it flourish, and—aside from
the other considerations—as the specie basis approaches
and the margins of profit are reduced, from causes we
have heretofore stated, the risks of losing the cost of
goods as well as the profit on them ought to be lessened.
Nothing can be more timely than a very serious review
of this subject, and if it is impracticable to remove the
defects of the bankrupt law, there is no reasonable
alternative but its repeal.
that, as a whole, merchants
dealers excepted, favor the
while all agree, probably
in condemning it as glar¬
ingly defective, the difference of opinion concerns the
question whether repeal or amendment is the better
remedy. Nobody in the creditor class being satisfied
with the law as it is, there are three positions taken
it—first, that it will be better to try amendment
than repeal; second, that while amendment is desirable,
it is not practicable to secure the changes needed to
carry out the theory of a bankrupt law, and that the
only thing to be done is to repeal it; third, that amend,
about
ments
4H*
would probably be so manipulated, in the interest
that either no advantage or an additional
disadvantage would follow, and that, as a defective
JOSSE ALLARD.
law is preferable to none, it is better to leave the law as
the
October
was announced the death of Mr. J.
On
11th
of
it stands. Those who* take the third position are the
Allard, the head of the firm of the same name in Brussels, and
minority; those who oppose repeal, generally take the for
many years famous as Director of the Belgian Monnaie, one
first position; those who favor repeal—certainly the
of the most important of the European mints.
He died in the
weightier, in business and influence if not in number, as seventy-second year of his age, after a lingering illness of sev¬
far as this city at least is concerned—take the second eral years. The deceased was highly esteemed by all who knew
position. There are also many who have come to the him, and his fame as an authority in coinage matters was uni.
conclusion that a general bankrupt law is not desirable versal; in fact, his exertions and writings on this subject
attracted the attention of all sovereigns of Europe, who acknowlin this country.
Their reasoning.is in substance this;
{ edged his valuable services by the highest marks of esteem in
the many facts which form the conditions of trade, in
the shape of manifold decorations. His great business capacities,
this diversified country, vary so that there is no reason mercantile tact, and his thorough knowledge of all matters per¬
in seeking to apply a uniform bankruptcy rule; were taining to European finances, added to indefatigable industry
relief from debt made less easy, both giving and asking gained for the firms, at the head of which he stood, from a small
credit would become more discriminating ; in the beginning, a world-wide reputation. One of his last efforts wash
a dissertation on the silver question, addressed to the Silver
absence of a general law, merchants would familiarize
Commission of the United States and the Secretary of the
of debtors,
themselves with the laws of the several States
on
the
subject, and would grant credit to sections which by
their laws made it the safest to do so; as any State
which neglected to invite credit by reasonable legisla¬
tion would put its traders at a disadvantage as compared
with those of other States, local law would be forced to
attend to the subject, and we should very likely be
better protected than we now are by the general law;
at least, the
bankruptcy special practice, as well as the
system of expensive habits of living, united with a reck¬
less underselling of honest traders, on the expectation
that at the proper time the usual process of a forced
compromise could be used, would be subjected to a
J
.1
Treasury of the United States, which was most favorably com¬
He leaves two sons, Messrs. Alphonse and Victor
Allard, who are active partners in the firm J. Allard & Co., in
Paris, London and Brussels.
mented upon.
<{
GOLD
AND
SILVER.*
(Communicated.)
Groesbeck
the Bankers’ Association.
This address of Mr.
read to
remarkable one to be
Its statements of points of
was a
who is eminent as a lawyer, and pre¬
sumably considered with careful study, must be accepted as
correct, until further decisions of the Supreme Court shall
furnish ground for their reversal.
Probably many, if not most, of those who listened to the
address assented to the speaker’s view of the effect and extent of
the Supreme Court decisions, at December term 1870, upon the
change.
legal tendef law,” given as follows:
We certainly have no hesitation in favoring the
During that war we, for the second time in our history,
repeal of the law in preference to leaving it as
resorted to greenbacks, or legal tender treasury notes.
Their
it is, and we incline, furthermore, to think that
constitutionality was challenged and is still denied. There
have been two decisions upon it by our Supreme Court.
The
the argument which considers the law a temporary
first declared that the making of notes or bills of credit a legal
tender was unconstitutional.
This decision was made at
device and any general law undesirable in this country
December term 1869, when there were but eight judges on the
is entitled to more consideration than it has
yet “bench. There was one vacancy. Soon after the decision one
of the judges who concurred in it resigned, thus making
received. The bearings of a bankruptcy law, or some
another vacancy. These two vacancies were promptly filled, a
of them at least, are
apt to be overlooked.
That
new case presented, and at the December term 1870, the Court
the law and habit which let off, practically at his own
reversed its former decision, and held that such notes were constitutional. Five judges concurred in the first decision, and three
option and on his own offer, any debtor, whether
An address delivered before the American Bankers’ Association, in New
unfortunate merely, or extravagant, reckless, or dishon¬
York, September 13, 1877, by W. S. Groesbeck, of Ohio.—(Robert Clarke St
est as well,
compel creditors to take from 3 to 40 cents Co., Cincinnati.)
J
i
law, proceeding from one
*vil
i
•
“
“
“
“
**
“
««
“
“
“
*•
“
•
\
J
420
*
THE CHRONICLE
—
.
■
1
■■
44
dissented; five judges concurred in the second decision, and
four dissented.
If we count the opinions in the two cases, we
find that there were nine against and eight in favor of the con**
stitutionality of such notes. It waB Justice Strong who spoke
for the Court, and what Justice Bradley said is no more binding
upon the Court than the opinion of any able lawyer given at
his office desk.
The question is not yet finally and satisfactorily settled.” *
*
*
‘‘However we may regard the decision I have referred to, let us not mistake the standing of the
Court.
It is not decided that any greenback would be constitu¬
tional., What is a judicial decision? It is a decision by a
court of the exact case brought before it.
That is its utmost
“
"
“
“
“
“
“
“
“
“
“
“
“
reach.
A court cannot decide what is not before it.
before the Court in the case decided ?”
What
was
Here the speaker made a statement of the
extraordinary cir¬
exigency under which the laws for the issue
legal tender notes were passed, and proceeded:
cumstances and the
of
“
44
“
It
was
at such
tender acts
was
44
were
a
time and in such
an
emergency that the legal
was the case that
passed. That, and that only,
decided, and the decision is not satisfactory.”
*
*
*
*
Let it be admitted that the Court, as now organized, would
“re-affirm the constitutionality of the war greenback, it does
follow, nor is it probable, that it would
tutionality of a peace greenback; nor is
“will be any further legislation authorizing
“-while we are at peace, or during the present
“not
affirm the consti¬
it probable there
such
a
currency,
century.”
Towards the close of his
other
[VOL. XXV.
—
address Mr. Groesbeck presented
currency question, here as between
legal aspects of the
gold and silver, as at the opening he had shown them as between
coin and greenbacks.
I quote him further:
Can we, legally and honorably, pay our debt in silver as well
“as gold? Before answering this question it will be
proper to
“
“say a word of the jurisdiction of the government over money
and legal tender.
There are some powers that are essential
attributes of national sovereignty.
Every government has the
“power to take private property for the public good, the power
“to impose taxes, the power to decide what shall be
money and
legal tender. It has these powers without an express grant,
“and unless they are withheld.
They are very high and dan“gerous powers, and, therefore, the framers of our Constitution
“put them under limitations.
Our government may take
private property for the public good. It would not do to deny
“this authority altogether; but it must make just
compensation.
It may impose taxes. This authority is indispensable to
defray
the expenses of administration; but taxation must, as
nearly
“as possible, be uniform, and so regulated as not to be
oppress¬
ive.
It may declare and fix what shall be
money and legal
“tender for itself and for all the States; but,
according to the
“judgments of our ablest jurists and statesmen, it is under
“restrictions here also, and can make coin only a
legal tender.
“Taking care to keep within this limitation, the government can
'‘modify and alter its laws of coinage and legal tender as it may
•, from time to time find to be necessary, and all contracts must
conform themselves to such legislation.
Nothing can hinder
or interrupt the constitutional exercise of this
high power. A
“contract made to-day to pay a thousand dollars in
one, five,
“ten or twenty years, must be liquidated under the
legal tender
“
“
“
“
“
“
“
“
“
law which is in force at the time it matures.”
*
*
* *
“In 1862 the United States commenced
giving its five-twenty
“and ten-forty bonds, and when
they were given both gold and
“
silver were full legal tender.
If at the end of twenty years
“gold alone should be legal tender, the bonds then maturing
“must be paid in gold ; if at the end of
forty years silver alone
should be legal tender, the bonds then
maturing must be paid
“
“in silver. In a word, contracts are to be
executed, not in what
“was legal tender when they were made, but in what is
legal
“
tender when they mature.
This may seem hard law, and its
“operation is sometimes severe, but nevertheless it is sound law,
“and it would be impracticable to have it otherwise.
It is
“
sought in some cases to avoid it by providing in the Contract
“itself the kind of money in which its
“
ing it in letter and in spirit.” * * * “ We can, legally
honorably, pay our public debt in silver as well as goldsuch being our privilege, we should not abandon it.”
*
and
and
The
public mind has been much befogged, during and since the
points and principles involved in our
monetary
laws and their administration, which Mr. Groesbeck has
stated
with his habitual precision and force, as here
quoted at great
length. I regret to observe a seeming evasion of one point of
law which may soon become of practical
importance. It is that of
providing in the contract itself the kind of money in which its
obligation shall be discharged,” of which he says: “How far
this can be done, and to what extent the national
legal-tender
law can be neutralized by private
agreement, I shall not stop to
inquire.”
Then why mention the point at all ? It was not
necessary to
his argument, and was impertinent to it unless
presented in its
legal bearing. A lawyer so skilled as Mr. Groesbeck introduces
nothing without an object, nor does he for the simple purpose of
denying it an inquiry. Shall we assume that it has significance
in the negative suggestion of the words “ to what
extent the
national legal-tender law can be neutralized
by private agree¬
ment?”
Numerous decisions of the Supreme Court,
affirming
the validity of contracts for
specific performance as exempt
from the operation of legal-tender laws, afford either a
good
war
about certain
“
basis for
a
statement of
the law in accordance with those de.
cisions, or a challenge to show why they are not good law, I
wonder, therefore, at the omission in what otherwise is treated
with judicial breadth and fairness.
For more than four years the
only standard coins of the United
States have been the gold dollar and its
multiples. When the
law of July 14, 18T0, made the
public bonds, issuable under its
authorization, redeemable, and the interest thereon payable, in
coin of the standard value of that
date, the standard silver
dollar was then worth in the bullion market 3
per cent more than
the gold dollar.
The same old silver dollar (412’5 grains) would
now be
worth (at 5od. per ounce of bar
silver) in the bullion
market about 6 per cent less than the
gold dollar. This is a
change of 9 per cent in the ratio of value since 1870, when the
refunding act was passed, and almost 9 per cent since the silver
dollar was abolished in 1873; a
change that occurred independently
of any action by the United States
Government, or by its creditors.
Mr. Groesbeck’s devotion to the
strictly legal aspects of the
great question of remonetizing the silver dollar, and his wish to
do what is right, find expression in
his declaration that the only
right way to fulfill these contracts is by “ adherence to law in all
trials and temptations, always and in all
things executing it in
“letter and spirit.” Waiving
here the exception that, in the
case of a law
working flagrant wrong not intended in its enact¬
ment, it would be better to repeal or amend the law than to
execute it, I accept his declaration.
But he does not mean
“
adherence
law that
to the law as
he finds it
now.
He
means
adherence to
longer exists; or rather he means adherence to the
contract, by holding the old law as a part of the
essence of the contract, and he would revive the old law to make
it of force as a part of the contract.
The changes of facts, in
a
no
terms of the
relation of
values, during the interregnum of this law, are such
now by a revival of the old law would
(apparently) work a great inj ury to one of the parties to the
obligation shall be dis- contract and a corresponding advantage to the other. Would
charged. How far this can be done, and to what extent the this be
fulfilling the contracts in all things according to the
“national legal tender law can
be neutralized by private
letter and spirit of the law of 1870, or in accordance with the
“agreement, I shall not stop to inquire. All will agree in this:
“it is not just to make
changes in the laws of legal tender great principle that all law must be founded in justice?
unless they become absolutely
There is other law than that of the statute book.
necessary; and the best and
I do not
fairest policy is that which preserves for the
maturity ojf the here refer to the “higher law” (often
misapplied), which
contract the same tender that was in force when it was entered
pertains to questions of morals or conscience—though it might
“into.
When that is the case, neither party can be
wronged,
“and both must be satisfied.
out of
This brings us to the question in not be
place to do so—but .to the law of self“hand.
Suppose silver to be remonetized, can we legally and interest or the instinct of self-defence. Holders of the debt
honestly pay our debt in silver as well as gold ?”
obligations of an independent government have no security for
Again he says :
the discharge of those obligations, “in letter and in
spirit,”
Who gave these bonds ? Not the
Secretary of the Treasury, other than is found in the honor and
good
faith
of
that
the
not
govern¬
Congress, and neither the Secretary nor the members
ment.
The government, amenable to no legal tribunal, can make
“of Congress are bound to pay them.
The people of the United
States gave them, and they alone are bound to pay them. How and change its laws, and then plead
conformity to any of them,
do the people of the United States bind themselves or make a
denying
remedy
or redress for wrongs done under the require¬
contract? Not by advertisements, or
syndicates, or Secretaries, ments of the convenient law.
Arbitrary wrongs of this sort,
or Presidents.
There is but one possible way, and that is
by a
duly-enacted law. The Constitution prescribes the way, and especially when touching contract rights, never go unpunished.
Congress alone is the agency. All that may be done in any What may be gained at the moment will be required to be paid
“other way or by any other
agency is entirely without author- two-fold or more thereafter.
ity. Now, what is good faith ; what the truest, highest and
Here comes in the practical question, will wrong be done to
noblest faith in a government
by the people—that faith which
our
is best calculated and surest to exalt and establish its honor
public creditors by restoring the standard silver dollar and
and credit at home and abroad ? It is this : adherence to law
enforcing its acceptance upon the creditors ? On this question
in all trials and temptations,
always and in all things execut opinions honestly differ. Many, perhaps most, of our people will
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
that to affect the contracts
November
THE CHRONICLE
3,1877.]
421
Groesbeck that “ we can legally and honorably pay rejected or refused without
a
speedy demoralization of all the
public debt in silver as well as in gold.” Others will say'that interests, material as well as
moral,
of society.
to force upon creditors, public and private, a kind of dollar
Having unfolded the laws which gave rise to and control the
which, though nominally legal tender until 1873, had practically value and use of the
precious metals as money (coinage
having
no existence, and while it was legal tender was never contem¬
no other
purpose than to determine the
quantity
of
pure meta^
plated to be paid or received by either party to contracts—and, in each piece), Mr. Poor proceeds to trace
the process by which
as compared with gold, has depreciated nine or ten per cent
exchanges of merchandise came to be effected, without the
actual
lower than it was at any time while legal tender—would be dis¬
intervention, although at the value of, metallic
money.
Of this,
honorable, in bad faith, and utterly inexpedient as a measure of bills of
exchange afford an obvious and striking illustration.
hold with Mr.
our
economy.
These, drawn against merchandise
moving between communities
widely separated, entitle their holder to tlieir
proceeds, and are
purchased for remittance instead of
Jlut the decision will not rest with either set of
opinions. It
will be determined by the estimate which men generally, at home
and abroad, will place upon the act, guided a great deal
by the
profit or loss of the consequences, and will be enforced accord¬
ingly, any act of Congress to the contrary notwithstanding. It
will be expressed upon our credit and in future rates of interest.
The credit of the United States has improved very
rapidly since
the end of the war, under the operation of
existing laws and the
financial policy pursued, defective as that has been in some
respects. We, as a people, have proudly believed this credit
would improve until equal to the highest credit of the
nations.
No one will dare deny that this rapid
improvement, seen in the
past and expected in the future, was due in part to the undoubt¬
ing belief at home and abroad that our obligations of coin debt,
amounts of
moving only to supplement the lack of mer¬
chandise, or to adjust balances as they are found
to arise.
Where the imports and
exports of merchandise of a country, the
ordinary subjects of consumption, are in
equilibria—that is,
where the values of
the two,
val ue—gold
has
no
including expenses, are equal in
tendency to move, no matter what may be
the extent of the transactions.
The office of the
latter, as cur¬
rency, is performed by bills which, to the extent of
merchandise
that is
moving, constitute currency between nations or communi¬
ties widely separated.
It is plain to see that
bills representing merchandise in
gross
not
adapted to serve as local currencies, from the
magnitude
of the sums
involved, and from not being presently due. To
supply one adapted to ordinary exchanges, bills
representing
merchandise are, through the
instrumentality of banks, broken
up, as it were, into fragments of
every denomination, each one
are
principal and interest, were to be paid in gold, as they have been
paid for the last forty or fifty years, and always when payable
abroad.
We need not estimate, what only
experiments
the effect upon United States credit of
corresponding
coin—the latter
demonstrate,
decreeing the payment of
can
of
which represents its
proportion of the merchandise repre¬
public debt with silver dollars of the old standard. The loss sented
by the bill out of the discount of which they arose, and
to creditors will be measured
by the current difference between entitle the holder to its
possession on demand.
Local curren¬
silver as bullion and gold as
money. It will be small if the effect cies,
consequently, are precisely the same in kind as that
shall be, as the friends of the measure
predict, to make sixteen between nations. That either
may circulate at the value of coin,
ounces of silver worth one ounce of
gold, or nearly that; but if they must represent
merchandise
the effect of
corresponding in value to their
remonetizing silver here shall be to fill all our nominal amounts. So far as
they
do not represent it, the deficit
channels and deposits of
currency with silver, yet leave a large must he made
good
by the issuer, alike in either case, in coin.
and depreciating surplus of demonetized silver
in Europe
seeking The basis of all currencies, consequently, ordinarily in use is
a market, the difference
between silver and gold will then be
merchandise—coin, as a rule, being used only to supplement the
wide and increasing.
lack of the former.
One of the avowed
objects sought in the proposed law to
It is thus seen that in order that it
restore the standard dollar of
may circulate at the value
silver being to
pay the public
of coin, full provision must be made for the
debt therewith, the
conversion of a
duty of the officers of the Treasury will be
currency,
previous
to
its
issue.
As
the
clear and positive upon its
object and use of all
enactment—provided, that the currencies, other than gold and
is
to
reach capital in some
silver,
Supreme Court shall not hold the law to be
contrary to the other form, they being valueless in
themselves, they are always
spirit of the Constitution, which, in
denying to States power to necessarily
converted into that which they represent—
speedily
make laws
impairing the obligations of contracts, could hardly the
average time in which they remain in circulation never
have intended the
inconsistency of reserving such a po .verto
exceeding,
say, sixty d lys.
This is the law of all commercial
Congress unexpressed, and which forbids taking
private property currencies, and marks tlieir wide
the
for public
use
without compensation.
Whatever the loss to
public creditors by the law restoring the silver
standard, if it be
passed they must accept it. The loss to our
people will be
infinitely more. I may recur to this in another
paper.
13.
THE LAWS AND HISTORY OF MONEY *
'
(Communicated.)
This is the title of a work
just published by Mr. Henry V.
Poor, in which he undertakes to treat
money as a subject coming
within the range of the exact
sciences; the conclusions being in
the nature of demonstrations.
He
assumes
that the
distinction from those issued
by governments, which
are
never
issued
and instruments of transfer of
lack of it.
The latter,
as
the representative
capital, hut always to supply the
consequently, being never presently
payable, are necessarily at a discount, for the reason that a
promise without interest, payable at a future day, can never
equal in value a corresponding amount of capital in hand. To
render it the equivalent of coin, it must be
convertible at the
pleasure of the holder into merchandise, or, in default thereof,
into coin.
In other words, the
legal-tender Dotes of the United
States
can never
be raised to the value of coin until full
provision
be made for their
redemption.
No proposition, consequently,
a portion of
capable of
civilization, and constant and uniform from the dawn of
history—
brought to an
rendered them
money for the reason that every one has
equality with coin. So long as one is left for which no provision
always
sought tlieir acquisition by exchanging therefor
whatever other is made, that will he at a discount, proportioned to the time
kinds of
property lie possesses not necessary to his immediate before such provision be made. In other
words, all currencies
wants.
As the demand for them
throughout history has been circulate at their actual or assumed values.
uniform, and as their cost, in ratio to the
As currencies that
symbolize merchandise are among the most
demand, has also been
uniform, they have always served as the measures or
beneficent
agencies in promoting the welfare of society, so those
standards
of
or
passion, for the precious metals—felt
by all
value,
as well as the
preference,
races
universal
equivalent—the thing itself
measure, and passing, unlike measures of
quantity or
extension, as the equivalent in every transaction. As without
them for the universal solvent
and the measure of
value, the first
step to a higher life could not have been
nor could there
taken,
have been either
accumulation of property,
governments, institu¬
tions or civilization
worthy of the name, they must be regarded
as of
Providential creation—as the supreme arbiters in
affairs, as
much so as
being the
is the moral
The
*
authority of
Money
and its
one, no
sense
more
in
reference to conduct or
duty
than that of the
other, can be
Laws, embracing a history of monetary theories and a
of the currencies of the United
States, by Henry V. Poor. New York:
H. Y. & h. W.
Poor, 68 Bioadway; London: H. S. King & Co., 65
Cornhill.
history
be
absurd than that, by the retirement of
these notes, the balance left
outstanding can be
can
more
which represent debt, and are
necessarily
secure their circulationr
are, of all
of its welfare.
legal tender in order to
agencies, the most destructive
They are, to the whole extent of their issue,
instruments of expenditure in excess of the
means, impoverishing
the community in like ratio; while at the same
time,
becoming
the basis of
enterprises which have no foundation in any public
want; they always, sooner or later, involve the parties to them in
embarrassment and ruin—in other words,
they produce resulta
precisely the similar to those which are now witnessed in this
country on every hand.
From
discussion of the Laws of
Money, to which the first
section of his work is devoted, Mr. Poor proceeds
to
examination of the various
monetary theories that have pre¬
chapter
an
a
or
vailed from the earliest
period, passing in review all the leading
THE CHRONICLE.
autliorities down to the present time. It is shown that
has been held by all to be, not a natural provision, but a
In the market for
money
9
1
2
3
6
8
1
0
2
2
.
;
1
0
5
982
compact or
To
shewn that money always passes at its
real or assumed value; never, necessarily, at its nominal value
—that it is the thing itself, not the insignia of government im¬
pressed upon it, that constitutes its value. If such an assump¬
tion be established, then all the mysteries of money are unlocked
to the meanest understanding, and a plain and easy way shown
ject empirically, and has
out of all our
difficulties.
Mr. Poor’s work is devoted to a critical
history of the currencies of the United States—of the old
Continental money; of the creation of the Bank of the United
States ; of the State banks, and of the strange vicissitudes and
disasters which both the national and State systems have under¬
gone. A review of the monetary history of the country is any¬
thing but creditable to the character of our government and
people. In conclusion, he sees no other remedy out of our
present dilemma but in the establishment of a United States
Bank, whose circulation shall be supported by the use of its
notes in the collection and disbursement of its revenues, and
through whose operations a uniform value may be given to
local currencies, which, as in the case of England, must always
constitute by far the largest portion of the circulation.
To
The third part of
enable the banks to resume,
,
FINANCIAL REVIEW OF OCTOBER.
The
there
ness
course
was
of financial affairs ran
smoothly last month, and
routine of busi¬
little to notice outside of the ordinary
tat this season of the year.
The money market continued to
bonds
held with
were
general rule, and the prices of stocks were also well
in some of the
speculative stocks which were governed by manipulation. The
general anticipations of improving business, based on the expec¬
tations of large crops, were not disappointed, so far as the crop
movement progressed, as the quantity of grain receipts and
shipments at the West were of large volume.
1877.
GOVERNMENT SECURITIES IN OCTOBER,
CLOSING PRICES OP
5-208, Coupon-x,—10-408—, 5s,’81. 4*s,’91-x 4^
6a
’65 n. 1867. 1868. reg. coup. coup. reg. coup. reg. cur
109* 110* 105* 107* .... 107
.... 107
101* 120*
,—68,1881—V
reg. coup.
Oct.
.... 108* 107* 107
105 1G5 101* 120*
109* .... 107*
... 10)
105 101* ...
104* 104* 101* 120*
105* 187* 109* 106* 107* 107
107*
110*
8
4.
5
.-..
....
109
108* .... 105* 107
6.......108* 109i* 105
107
....
....
109* 106*
i06* ‘ 104 “ 104
107* 109* .... 107* 106* 103* 104*
107* 109*
104 104
107* 109* 106* 107* 106* 104* 104
107* .... 106* 107* 106* 104* 104*
109*
107*
.
....
110*
110
110
110*
.110
110
26
27.
.
..
110*
110*
110*
....
CLOSING PRICES OF
CONSOLS AND IJ. S. SECURITIES AT
5-20, 10-40
for
Money. 1S67.
Oct.
It
it
it
it
it
it
it
it
it
it
it
it
it
<•
it
It
it
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
5fl Of New
1881. 4*8.
107* 107*
“
107* 107* 107* 104*
107* 107* 106*! 104*
“
“
“
3-ib
107* 107* 106* 104*
“
106* {104*
107* 107
107
107
106* 103*
107* 107* li 6*103*
10?* 107* x5* 104
104* Open.
107* 107* 106
3-16
3-16
7-16
7-16
7-16
102* ....
102* ....
102* ....
102* 120*
102* 120*
104* 102* 120*
.‘
120*
105* 102* ....
105
101* 120*
105.* 102* 120*
103* 101* 120*
105* 102* 120*
“
“
S....
,
,
•
•
•
•
•
il-16
107* 107* 105* 104*
11-16 107* 107* 106* 104*
11-16 107* 107* 106* 104*
15-16 107* 107* 106* 101*
104*
15-16 107* 107* 106
103
0) vH
95
95
96
96
96
96
107* 106* 104*
107* 106* 104*
15-16 108
15-16
1-16
3-16
5-16
7-16
108
108
103
106*
108*
108*
108*
107*
108*
103* 106* 105*
103* 106* 105*
108* 106* 105*
107* 107* 105*
107
107
108* 107* 105*
105* 103*
103* 108* 106* 105*
106*
no* no* 109
107
106
105* 102*
96*
93
OCTOBER,
1877.
fci
Openig. Lowest. Highest. Closing.
Date.
i
Monday
Tuesday
Wednesday...
Thursday
Friday
Saturday
SnnOay
Monday
Tuesday .....
3
.
103
4 103 102* 103
5 102* 102* 102*
6 102* 1C2* 102*
7
8 102* 102* 102*
9 102*
Wednesday... 1G 102*
Thursday
11 103
12 102*
Friday
Saturday. ... 13 103
Snndav
103
102*
102*
102*
102*
103
102*
102*
102*
102*
102* 102*
102* 102*
103* 102*
103* 103
102* 103* 103*
14
15 103* 103* 103* 103*
Monday
Tuesday
16
Wednesday... 17
Thursday
18
Friday
19
Saturday ... .20
Snnday
-21
Monday
22
23
Tuesday
Wednesday... 24
103*
102*
102*
102*
102*
GO
a
Date.
a>
0)
c
XI
£
4)
Q,
M
5
3
o
si
.9
o
5
|
103* 103
1 103* 103
103
2 102* 102* 103
103
105
103* 103* 106* 10a
108* 108* 10.)* 103*
108* 108* K6* 105*
/
.1 g i H
COURSE OF GOLD IN
107* 106* 104*
S....
96 7-i6
96 7-16
96 5-16
95 13-16
.
Highest 98 7-16
Lowest 95 3-16
Closing 96 5-16
"
....
95
95
95
95
95
21
22
23
24
25
26
27
28
29
30
31
“
107*!lU4*
S....
95
95
95
95
95
95
....
1 2 120*
.... 120*
102 120*
102* ....
102* ....
102* ....
LONDON IN OCTOBER.
20 96 1-16
“
95 5-16
95 3-16
105*
105
105
105
120*
for
5-2), 10-40 5s of New
1831. 4*8.
Money. 1867.
Date.
107* 107* 107* 105* Oct.
“
107* 107* 1«>7* 105*
107* 107* 107* 105
1 95 13-16
2 95 15-16
3 95 11-16
4 95 7-16
120*
Consols U.S.
Consols U.S.
Date.
....
....
. .
....
110*
Lo west.. 108 v; 109*
Closing. 110* 110*
101* 120*
104*
104*
104*
104*
105
--
110*
110
110* 110*
110* 110*
110*
*
S
1071* 108* 107* 105* 105* 102*
109* 107* .... 107* 105
.... 107*
.... 107*
...
.... 107
.... 107* 104*
105* 107* .... 107* 108* 107* 105
105* 108* ... 107* 108* 107* 105
»
107* 105*
109* 105* 108* 109* 1C7* 108* 107* 105*
105* 108*
107* ....
108
109* 107* .... 107* 105*
105* 108* .... 107* 108* 107* 105
105*
105
S
105*
109* 107* 108* 107* 105
105* 103* 1C9* 107* 103* 107*
... 107*
.... 107*
....
105* 108*
105* 107* 109* 107
107* 107 105
105* 108* 109* 107* 108* 107* 105*
105
106* 109* 106* 107* 106* 103*
105* 108* 109* 107* 108* 107* 105
..
120*
104*
106*
....
105* 108
109*
23
24.
106* 104* 104* 101* ...
106* . .. 103* 101*
120*
0
^
*.'. ’ 1 oV*
109* HO* 105* 107*
110* 105* 107*
109* 110* 105* 107*
1?
....
108* 109* 105*
108* .... 105*
109* 110
1C5*
i08*
8.’
106*
....
....S
r*
1(2* 103* 102*
102* 102* 102*
102* 102* 102*
102* 102* 102*
102* 102* 102*
Thursday... .25 102*
26, 102*
Friday..
27 102*
Saturday
28
Sunday.
29 102*
Monday
30 102*
Tuesday
Wednesday.. .31 102*
1877... 103*
October,
««
1676... no*
•
tt
tt
tt
tt
it
a
tt
tt
tt
tt
At
tt
1875...
1874...
1873...
1872...
1871...
1870...
1869...
1868...
1867...
1866...
1865...
1864...
1863...
1862...
•
•
•
•
102* 102* 102*
10 i* 102* 102*
102* 102* 102*
•
•
•
•
102*
102*
102*
102*
108*
.
...
102*
102*
102*
103*
113*
102*
102*
102*
102*
109*
114* U7* 116*
110* 109* 110*|110*
111* 107*!lll*:ll8*
114
112* 115* 112*
117
114* niyt 115
113* in* 113*
130
128* 132
140* 133* 140*
143* 140* 145*
146
145* 151*
141* 144* 149
192
189
227*
tt
149* 140* 156*
103
102* 102* 103
tt
133*
121* 122
102* 102* 102* 102*
Since Jan. 1, ’77. 107* 102* 107*
102*
102*
102*
102*
112
111*
129
133*
140*
146*
146*
223*
145*
129*
102*
following table will show the opening, highest, lowest
and closing prices of railway and miscellaneous stocks at the
New York Stock Exchange during the months of September
The
fairly active on a good demand for money at 5 to 7 per cent, and October:
was no stringency, except in a few instances—when
RANGE OF STOCKS IN SEPTEMBER AND OCTOBER.
money loaned for a short time at 1-82 per day to stock brokers-October.September.Low.
Gold declined still further, and reached the lowest prices made
Railroad Stocks, Open. High. Low. Clos. Open. High.
71
71
70
71
.70
since May, 1862. Foreign exchange ruled low with the price of Albany & Susquehanna. 70
75*
7*
1 Yt
1*
At. & Pacific, pref
15
18*
15*
gold, but on the advance of the Bank of England rate to 5 per Central of New Jersey.. 16* 19* 14* 15* 86
77
86
84*
84*
86* 87
103
cent, on the 11th of the month, demand bills here became a little Chicagodo& Alton pref... 102
103* 103* 105
103* 102
101*
99* 101* 101* 105
Chicago Burl. & Quincy 99* 102*
stronger.
be
a
more
maintained, with the exception of the fluctuations
their means now locked up in
Washington must be returned to them. In other words, the
present national system must be wholly abandoned, or so far
modified as to enable the banks organized under it to issue notes
without any extraordinary provision for their redemption.
Mr.
Poor holds it to be impossible that a bank in Minnesota, for
example, should have anything to lend to the public, the whole
capital of which has been previously loaned to the government,
the evidence of the loan itself being beyond its control.
As for
the United States notes now outstanding, that not a dollar
should be raised for their retirement, the only provision therefor
to be a United States bond having a value equaling, as nearly
as possible, that of the notes.
Without occupying too much space, no more can be done
than to present some of the salient features of Mr. Poor’s work
which embraces some six hundred and fifty pages, and in which
a vast number of very important questions are considered.
It is
original in its conceptions, and is a vigorous assault upon the
theories and dogmas laid down in the books.
To those who may
not fully agree with him in all his conclusions, his effort is com¬
mended as a painstaking and carefully written treatise upon
a subject which has become the most important that can now
engross the attention of our people, the solution of which will
no longer brook delay.
It is a work which, for the first time,
assumes to treat money by methods calculated to develop or elicit
its true nature, by referring every fact or phenomenon in refer¬
ence to it to its proper principle or law, instead of blindly
following the dogmas of schoolmen or economists, which are
very properly distrusted from the chaos which, in spite of all
their arguments and teachings, still prevails. If Mr. Poor has
vindicated in his conclusions, the soundness of his assumptions,
he will well deserve the thanks of the public.
gold, and in consequence of
firmness as a
3
prevail unless a common postulate of value be accepted.
fortify his argument, Mr. Poor has examined the whole sub¬
made to
securities, it was observed that Government
bonds kept low in sympathy with
rather limited demand. Railroad
creation
convention, by virtue of which the most worthless
aubstances may be made to circulate as money, at the par of coin,
provided they do not exceed in amount that of the other kinds of
money in circulation at their time of issue, and which they dis.
placed. The whole question as set down in the books turns
upon this—whether value, intrinsic or representative, be a
necessary attribute of money.
Mr. Poor assumes the affirmative;
all other writers, the negative. He claims that the chaos and
confusion which now prevail in reference to it, have arisen from
the latter postulate; and that order and concord can never be
of
[you say.
but there
,
Clos. c
71
1*
16
77
103
103
-October.-S eptember
Open. High. Low, Clos.
Open. High. Low. Clos.
31« 30« 30% 36% 36% 42% 31% 83%
, Mil. A St. Paul.
72%
67
65%
71%
72%
66%
72%
do
prof. 67
oo
31%
35
38%
38%
88%
43%
33%
*
64%
64%
61%
64%
69%
61%
63%
102%
99% 102% 102% 105% 100% 101
Chicago & Rock
1<W%
34
41%
31%
37% -37%
49%
37%
41%
Cleve. Col. Cm <fc ltd... M
82
83
82
82
74
82%
84%
74
Cleve & Pittsburg, miar.
4
4%
5%
3%
3%
3%
5%
3%
Colomb. Chic. & l«d. C.
47
59%
44%
46%
53%
45
60%
Del. Lack. <fe Western... 44%
IMPORTS AND EXPORTS FOR SEPTEMBER, 1877.
Statement, by Customs Districts, showing the values of mer¬
chandise imported into, and
exported from, the United States
during the month of September, 1877:
Dubuque
Erie.....
& Sioux City..
pref
— •••
Alaska, A.T.
Al’mrle, NC.
Al’xdria,Va.
An’polis, Md
Ap’chcola, F
Aroost’k,Me
,
do
Northwest..; 3JX
Iefand.’
51'
52
12%
13%
21
21
Hannibal & St. Joseph. , 12%
do
do
pref. 27%
142%
***#
H«rlem...
66
bb
Illinois Central
29%
56%
56£
4%
4y
Louisville ANashnlle..
75
75
129
Morris <fc Essex
New Jersey
New Jersey
Southern...,
%
& Hud. Riv. 101%
jf' y. N. Haven & Hart. 152%
N Y. Cent.
Mississippi
.Pref..
2%
112
Chic., guar 91
Pacific of Missouri
Panama
Pitts. F.W.&
receipts
83
129
%
104%
154
7%
11%
2%
52
55
11%
11%
21
28
21
12
28
142%
71%
142%
71%
26%
141
65%
2
63%
29%
59%
6%
60
15
27
-
144
79
63%
73%
59%
6%
74%
7%
123%
101%
101%
154
154
7
73
60
11%
12%
9*
25%
12%
20
142
5%
72
129
55
24
13%
30%
4
4%
61%
29%
56%
4%
70%
77
121
27
143
71%
3%
63%
73%
5%
68%
58%
6%
70%
64*'
114
6
10
2
7
r
13%
2%
111
113
92
100
90
99
3%
18
7
15
4%
23%
6%
27%
4
23
101%
106%
154%
20
2%
2
*4%
87
.
.
70*'
70
70
70
70
76%
66%
9%
67%
13%
70%
14%
76%
76%
12%
76%
22%
....
5%
4%
17
5%
26%
3%
17
27%
6%
24%
*
66* *
67%
12%
15
20%
....
3%
24 %
4
24%
24%
25%
24%
22%
22 $4
24
22%
24%
24%
19
19
76%
20%
79%
20%
81%
155
1%
do
2
prf
Ontario Silver Mining..
22
Quicksilver
18%
do
pref
81%
Adams Express
92
American Express
45%
United States Express.. 44%
Wells Fargo Express....
82
Pel. & Hud. Canal
49%
84%
157
2
2
Pennsylvania Coal
Mariposa L. & M
Canton
155
22%
22%
36%
100
55%
57%
23
129
129
157
24%
24
20%
84%
79%
....
1%
IX
2
21%
18%
31%
22%
22
20%
20%
35%
36
96 4
1%
1%
1%
1%
23%
97%
24
45
100
82
53
48
84
50
87
89%
41%
41%
22%
46%
22%
18
129
23
55%
129
days.
3
days.
.84%@4.85%
.84%@4.85%
2. ,4.81%@4.b2
3. 4.81%@4.82
4. ,4.80%@4.81
5. ,4.K0%@4.81
6. 4.80%@4.81
7.
.64% @4.85
84%@4.85
“
84%@4.85
“
*84%@4.85* ’
“
“
.84
*^@4.85
84%@4.85
.85 @4.85%
“
■
4.80%@4 81
“
<(
,85%@4.86
,85%@4.86
13.. 4.80%@4.81
14.
15..
<*
•
8.,
9. 4.80%@4.cl
10., 4.80%@4.81
11., 4.80%@4.8l
12.,
“
4.80%@4.81
“
“
“
85%@4 86
85% @4.86
16.. 4.80%@1.81
76%
80%
*’%
*i%
%
1%
21
13
33
23%
16
52%
44%
83%
39%
22
35%
98
53%
44%
86%
46%
23
3 days.
4.85%@4.86
18..4.80%34.81
“
.84%@4.85%
.
days.
17..4.30%@4.81
“
24
20
1877.
60
Oct.
23
19
....
BANKER9’ STERLING EXCHANGE POR OCTOBER,
Oct. 1. .4.81%@4.82
23%
95%
52%
47%
83%
45%
41%
22%
....
2
91
50
85
18
60
79,951
1,555
205,873 3,082
104,114
29,662
103,753
Genesee,NY
George’n.DC
George*n,S C
4.85%@4.86
The
21
S
22!!4*86%@4.si’* 4*85%@4*b6
23..4.80%@4.81
24..4.80%@4.81
25..4.80%@4.81%
26. 4.80%@4.81%
27..4.80%@4.81%
28
S
4.85%@4.36
4.85%@4.86
4.85%@4.86
4.85%@4.86
4.85%@4.86
3,848
No
report
1,326
.
4.85
security from Nat'l B'ks.—
Bonds
circulation
circulation deposited
Bonds for circulation withdrawn
Total held fur circulation
Bonds held as security for
depodts
July.
$10,731,400
$5,682,950
11,683,409
5,759,900
$2,504,700
2,186,900
337,761,600
337,684,650
18,867,000
18,655,000
338,002,450
15,208,000
1,484,220
1,189,940
576,000
14,425,026
14,244,826
14,436,552
Legal Tender Notes.—
’
now on
deposit, including liquidating
D&HK8. •••*•••
Retired under
,,
„
•••#•••••*.*
••••
••
•••*%•
i4,
act of January
1875
lotal retired under that act to elate
Total amount of
greenbacks
1,118,056
1.061,232
22,905,780
24,023,8-6
25’085,068
outstanding.. 359,004,220 357,976,164 356,914,932
National Bank Circulation.—
New circulation issued.
837,640
1,397,570
Circulation retired
1,121,854
1,444,141
Total circulation
outstanding—Currency... 315,236,838 315,260,928
Gold
1,429,120
1,425,770
Notes received for
redemption from—
New York.
5,670,000
4,917,000
Boston
6,714,000
8,236,000
Philadelphia
690,( 00
868,000
Cincinnati
48,000
90,000
Chicago.
16 ,000
315,000
Miscellaneous.
4,622,000
Total
corn
tional currency....
certificates outstanding.
8,160,858
37,807,300
106,901,936
ll,b28,537
8,265,412
38,525,400
f •
-
20*,541
2,953
36,637
280,352
108
....
7,836
75,344
18,435
8,512
1,883.889 1,963,385
23,388
21,669
.
42,496
32,763
*i39
2^897
1,432
720
10
19
503,875
22,910
Willamette,0
47
8*8*
879,763
York, Me...
Teche, La.
79,306 j
are
2,539
3’,040
.
3^582
3’, 690
252*,273
173,07s
20
.
15'06-2
559
No t
18,519
'
report ed.
251,893
10,360
51,424
.
the totals for the month of August
...
:
Comparative statement of the imports and exports of the
September 30,1877, and for the
United States for the month ended
nine months ended the same,
compared with like data for the
immediately preceding:
year
Corrected to Oct. 25, 1877.
?|
Lspecie values.]
•
1877.
«
9 Mos.
ended
1876.
,
Month
of
9 Mos.
ended
815,912
...
Imports
Excess of exports over imports
Excess of imports over exports
6,431,542
Excess of exports over imports
Excess of imports over exports
10,857,383
,1
$49,578,481 $425,085,155 $45,251,017 $403,122,617
34,651,380 371,172,768
32,054.472 S30,3b8,155
$14,927,101 $53,912,3S7 $13,196,545
Gold & Silver {coin & bullion).
Exports—Domestic
$2,219,416 $32,998,899
Foreign
814,195
9,818,053
Imports
794,939
$77,734,462
$2,052,214 $42,667,836
536,683
5,364,581
$3,083,611 $42,816,954
3,650,882
17,927,574
$2,588,S97 $48,032,417
2,3:4,965
10,179,006
$24,889,330
$203,932 $37,853,411
$567,271
Total Merchandise and Specie.
Total
$51,001,985 $449,652,512 $46,508,292 $439,933,070
1,660,107
18,249,597
1,331,022
16,221,964
$52,662,092 $167,902,109 $47,839,914 $456,155,034
33,302,262 389,100,342
34,439,437 340,567,161
Imports
Excess of exports over imports
Excess of imports over exports
$14,359,830 $78,801,767 $13,400,477 $115,587,873
'
3,'855,000
7,067,000
695,000
101,000
Cateat
268,0.0
3,452,000
119,152,043
14,206,417
8,835,468
monetary and dammertial
itglisl) Nero*
BagUth market Reports—Per Cable.
The daily
closing quotations in the markets of London and Liver¬
pool for the past week have been reported by cable, as shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of
J
,
Sept.
Sept. 30.
Sept. 30.
Sept.
$48,762,569 $416,653,613 $44,456,078 $397,265,234
Exports—Domestic
Foreign
Foreign
$17,905,000 $19,000,000 $15,441,000
Treasury Movements.—
Balance in Treasury—Coin
97,803,995
Currency
9,811,956
Currency held for re¬
demption of fracfw
4,541,000
158, i 43
1,100
1,416
703,486
Exports—Domestic
1,326,540
595,599
315,891,949
1,432,120
•
r
..
Total
670,112
•
Imports...$34,651,380 } Domestic exports.$50,302,357 | Foreign exp’ts...$815,912
Specie value of domestic exports, $48,762,369.
Deposited in Treasury under act of June 20,
1874
•
•
58,455
24,140
3,500
9,746
6,806
’
131,202
Total
August. September.
1,182
20,544
St.John'8, F.
Merchandise.
xwuus for
ior
•
175,258
38,089
4.84%@4.86
movements and
a
•
77
5
47,734
4,523
@4.85%
Comptroller of the Currency, Hon. John Jay Knox,
•
•
67,462
5,181
12,305
1,311
29!.*4.'86%®4.8i” 4!85 @4^85% corresponding periods of the
39..4.60%@4.81
4.85 @4.85%
31..4.80%@4.8i
•
•
15
3,316
1,896
1,771
following
•
1,264,832 4,176,071 13,645
192
98,502
24,897
M’town, Ct.
Milwauk, W
Min’sota, M.
88,899
49,667
5 607
Glouher, Ms
GtEHar, NJ
Huron, Mich
Knbnnk, Me
Key West, F
L E Har, NJ
Machias, Me
Mar’head, M
Miami, Ohio
Mic’gan, Mh
28,815,062 563,074
15,202 43,082
85,839
1
931, m 3,115
18,196
681
512
450
5*689
5’, 560
•
Saco, Me...
F. Riv. Mass
Fernandina.
F. Bay, Me.
Galvest’n, T
625,399
90,223
s
157
Erie, Pa....
Fairfield, Ct
4.85%©4.86
20,.4.80%@4.81
following statement of the currency
Treasury balances for three months past:
Total
....
198
3’,082
Month
of
as
224,486
256
<
U.S. Bonds held
22.702’,522
810
53*,753 992*680
Detroit, M’h
Duluth, Min
4.85%@4.86
19. .4.80% @4.81
Range...4.80% @4.82
From the
we have the
960,404
1,883
61,620
519,227
26^985
179,745
12,654
Cuyahoga, O
Dunkirk NY
a
5,815
24,540
Edgart’n.Ms
Miscellaneous.
Pacific Mail
American Dist. Tel
Atlantic & Pacific Tel...
Western Union Tel
New York Gas..
64,914
t
Oswego, NY.
89,004
18,618
13,’695
8,354
11,606
Delaware, D
*
28,648
1,341
1,210
....
t
EastDist.Md
«•••
3
10‘,i02 81560
249,249
Castine, Me.
4%
2,414
1,358
No U report ed.
C
Ch’stone, Ya
Chicago, Ill.
Corpus Chris
*
....
?
34,826
Br’l&W’nRI
Brnnsw’k Ga
Charts tn, SC
6%
4%
991
Brazos, Tex
Chmpl’n.NY
*
*
...
Bridget’nNJ
Crk.NY
Burl’ton, NJ
Vinc’t.N*
$
6,515
*
r
Buff
Expoi
/
Domestic For’n.
$
183,615
s
4,254
’5%
17
8
8%
6%
68
66%
12%
17%
125
87
J
Imports.
2,530
Bath, Me.
2
115%
94
17
9
14%
130
6%
5%
26%
•
153
7
S
No t report
Customs
Districts.
Beaufort,NC
Newport, R.I.
Beaufort, SC
65,505
190
Belfast, Me.
1,432
Boston, Ms.. 3,864,779 3,539,387 27,854
1%
....
6
...
11%
14%
2%
115%
91%
3%
15%
5%
109%
154%
$
Bangor, Me.
B’stable, M’s
75%
110
-Exports.Imports Dom’tlc
For’n
1,222
Baltimore.. 1,446,595 4,667,055 10,388
7%
%
99%
152%
17
7
. -
.....
14
92%
100%
3%
3%
11%
123
113
99
Rensselaer & Saratoga..
St. L. Alton & T. H
do
do pf.
St. L. Iron Mt. & South.
St. Louis Kans. C. & N.
do
do
pref.
St. L. & San Francisco..
Second Avenue.... .. .
Union Pacific
Wabash
Warren
66%
29%
61%
6%
6%
11
do
51
10
20
4%
**
Michigan Central
Mo. Kansas & Texas....
Ohio &
14%
31%
142%
72%
22
64
Kansas Pacific
.......
Lake Shore & Mich. So.
'
Customs
Districts.
1
ChicapK
England has increased £98,000 during the week.
JFjM
HI
Bit
424
THE
Bftti
96 7-16
96 7-16
account
“
Mon.
96 7-16
96 7-16
,
0.8.6a (5-S0a) 1867.... 103*
0.8.10-408
1C8*
5s of 1881
106*
New 4# s
105*
108*
108*
106*
105*
Tnes.
96 7-16
Wed.
96 5-16
96 7-16
96*
108*
ins*
106*
108*
108*
105*
105*
CHRONICLE.
Frl.
96 7-16
Thur.
95*
108*
108*
106*
105*
>.
as
r—<
0
106*
w
.
The
[VOL. XXV.
imports of specie at this port during the
been as follows
Oct.
21—Brig Edwin Rowe
Ciudad Bolivar..Gold shamming
Havana....
Oct. 23—Str. Etna
Aspinwall
St. Johns
Foreign silver'.!!
Foreign gold.!. ’
Foreign gold....!
U. S. gold
Tnes.
b.
d.
26 6
10 3
10 6
12 8
12 11
29 3
33 0
Mon.
d.
d
6
8.
Flour (extra State)
#bb] 26 6
Wheat (K. W. spring).^ ctl 10 4
“
(Red winter)....
“ 10 6
“
(Av. Cal. white).. “ 12 8
“
(C. White club)... “ 12 11
Corn(n.W. mix.) $ quarter 29 0
Peas (Canadian) ® quarter 33 6
26
10 4
10 6
12 a
12 11
.
29
0
38
6
Thnr
d.
26 6
10 3
.10 6
12 8
12 11
29 3
33 0
Wed.
d.
6
3
6
8
11
3
0
e.
26
10
10
12
12
29
38
Fri.
d.
26 6
10 3
10 6
12 8
12 10
29 0
38 0
.
s.
8.
f
Oct.
Beef (prime mess new {? tc.
Pork (W’t. mess) new jjlbbl
Bacon (l’gcl. m.)ne\v# cwt 40
Lard (American).... “
45
Cheese (Am. fine).... “
64
40
6
40
6
45
64
6
0
45
64
6
0
Mon.
d.
Sat.
8. d.
Rosin (common)... tfewt.. 5
“
(fine)
“
10
5 6
10 0
12*
12*
(spirits)
8
“
7*
Talk)w(prime City)..t® cwt. 41 0 41 0
Oloverseed(Am. red).. “
Spirits turpentine
“
24 6
25 0
j
*
0
6
62
6
6
40
45
6
45
64
0
64
6
0
0
iP-
Sat.
£ s. d.
tc. 9 15 0
40
•
9
5
10
•
•
25
1-2*
7*
•
•
0
.
6
0
40
1*2*
7*
40
9
•
•
25
Mon.
Toes.
£. s. d. £ s. d.
9 15 0
9 15 0
55 0
55 0
Lins’dc’kefobl).#
Unseed (Cal.) $ quar.
55 0
Sugar (No. 12 D’cli 8td)
on spot, $ cwt
27 6
Sperm oil.... $ tun..73 0 0
78
27
0
Whale oil
35
31
.
“
Linseed oil
.35
0
19 ton .31
0
0
0
U. S. gold..
•
«
0
0 73
0
6
0
0
0 35
0
0
0
0 30 10
0
6
27
Wed.
£ 8. d.
9 15
55
27
0
35 0
30 10
73
0
0
“
.
*
U. S. gold.
TJ. S. silver
Niagara
Oct. 27—Str.
City of Vera Cruz,.Havana
Foreign sil.coin..
Foreign gold.
U. S. gold
!!
U. S. gold....'
Havana
•••
Previously reported
...
Total since Jan. 1, 1877
104
45
,9C6
110
4,068
4,985
6
2,790
310
£0
$53,947
^18,744
...$12,572^691
Same time in-
Same time
1876.
1875
1874
1873
1872
1871
goo
non
...Porto Cabello... U. S. gold
Porto Plata
Foreign gold. .*.'.*.
Oct, 26—Str.
5
in—
$8,574,907
11,095,163
5,322,555 1868...13,720,737 I 1867
5,206,549 I860
8,402,517
...
.
$11,108,919
14,778,528
b, 380,793
a?870.m
9,01° 582
{
s.
6
*.
The transactions for the week at the
12*
6
Thur.
£ 8. d.
9 15 0
55 0
6
0
73
27
0
0
35
0
0
30 10
6
0
follows:
24
6
Frl.
£ 9. d
9 15 0
55 0
78
27
0
0
35
0
0
30 10
6
0
0
0
27
“
29
“
30
“
31
Nov.
1
“
2
Total
243,000
223,000
239,000
170,000
,
Currency.
$368,348 50 $2,316,096 50
$366,000
468 000
Receipts.
Gold.
Customs.
Oct.
Sub-Treasury have been
,
—
6
•
24
as
7*
40
London Produce and Oil Markets.
!* a
.V-
Fri.
8.
d.
95 0
Thnr,
Fri.
d. e. d.
5 6
5 6
10 0
10 0
8.
1-*
7*
“
’•
9.5
62
•iC
Wed.
d.
s.
Petroleum(reflned)....# ga!
r
d.
95 0
62 6
40
6
45 6
64 0
s.
Tnes.
d.
5 6
10 0
s.
6
0
"
'{£ 1
Thur.
8. d.
Liverpool Produce Market
:;si i
K' i
Wed.
....
0
.Aquilla
3553®
ikc.a
FoS
Gold dust.......
U. S. silver... "
Total for the week
Tnes.
b. d.
Mon.
8.
d.
6
6
23—Brig Marie
Oct. 24—Brig Eiche..
Oct. 24—Str. Tybee
Liverpool Provisions Market.—
Sat.
s. d.
«qq^
gold... °
Foreign gold. **
U. S.
Oct. 23—Str. Clyde
Oct. 23—Brig Bermuda
Liverpool Breadstups Market.—
Sat.
have
.
Liverpool Cotton Market.—See special report of cotton.
s.
same periods
:
702,735 43
5,272,003 00
725,916 66
247,636 62
973,819 S3
664,113
778,749
489,977
310,794
43
55
23
29
438,231 27
Payments
,
Currencv.
Gold.
$464,147 52 $1,476,618 67
1,177,312 57
553 004 30
349,479 29
478,084 05
392,317 92
443,985 81
340,911 81 1,017.634 47
716,230 83 1,368.061 83
$1,709,000 $8,290,495 01 $4,997,967 27 $3,740,399 94 $5,342,389 13
101,196,246 53 40,766,257 47
105,746,311 60 40,421,815 51
Balance. Oct. 26
Balance, Nov. 2
St. Piinl & Pacific.—The St. Paul Pioneer-Pi 'ess announces
that
negotiations which have been long privately pending are
substantially concluded at Amsterdam and London, whereby
a
majority of each of the five classes of the mortgage bonds,
covering the main and branch lines of the St. Paul& Pacific Com¬
pany, have been purchased by a new organization of Canadian
and Minnesota capitalists, thus transferring to them the control¬
ling interest in the bonds of the St. Paul & Pacific Company,
including the first division, which lias been heretofore held at
Amsterdam. The present arrangement promises to put an end
now
'h/V
Commercial an& illiseellaueous Neios.
Imports and Exports for the
week showed
merchandise.
a
Week.—The imports last
decrease in dry goods and an increase in general
The
total
imports were $4,873,773, against
$5,243,393 the preceding week and $5,683,223 two weeks pre¬
vious.. The exports for the week ended Oct. 30 amounted to
.$7,808,309, against $0,023,045 last week and $5,911,538 the pre¬
vious week. The exports of cotton for the week ending Oct. 31
were 9,600 bales, against
8,105 bales the week before. The fol¬
lowing are the imports at New York for week ending (for dry
goods) Oct. 25 and for the week ending (for general mer¬
chandise) Oct. 2G:
FOREIGN IMPORTS AT NEW
YORK FOR
THE WEEK.
1874.
1875.
1870.
1877.
General merchandise...
£1.090,3)4
3,680,173
$1,310,011
3,781,875
$800,401
2,100,013
$920,015
3,911,758
Total for the week.
$4,770,530
$5,130,8 -.7
277,717,054
$2,901,087
$4,873,773
234,906,200
266,001,9 >7
$282,848,511
$237,807,238
$270,935,700
Drygoods
Previously reported.... 327,415,210
Since Jan. 1
In
our
$33?,183,779
report of the dry goods trade will be found the imports
of
dry goods for one week later.
following is a statement of the exports (exclusive of specie)
from the port of New York to
foreign ports for the week ending
The
Oct. 30:
r
For the week
Previously reported....
Since Jan. 1
: ?
interest, and that
Paul, and the remainder by the Canadians, while new bonds are
be issued to the Canadian parties for an amount sufficient to
cover the cost of purchase and the cost of completing the St.
Vincent extension north of Crookston, and from Melrose to
Alexandria.
In all probability, under the new arrangement,
both these much-needed sections will be completed during the
year.
—Dr. de Klerck writes from Amsterdam, Oct. 13, that, as no
sufficient number of holders of certificates of St. Paul & Pacific
Railroad and Vincent & Brainerd Extension gave their adhesion
to the proposal, the time for giving assent was prolonged till Oct.
19, and, instead of with
will be
1874.
$4,743,516
235.651,962
1875.
$3,953,533
202,184.906
215,055,980
$7,808,369
228,499,108
*240,393,475
$206,163,413
$218,731,448
$236,307,777
1873.
$3,673,468
1877.
—Tiie New York Life Insurance Company.—The official cer¬
The
following will show the exports of specie from the port of tification given to this great corporation by Superintendent Smyth,
New York for the week ending Oct. 27, 1877, and also a com¬ as published in the CirRONiCLE'to-day, is exceedingly strong. The
has been long and searching, going into the many details
parison of the total since Jau. 1 with the corresponding totals inquiry
of the company’s business, and it has required the personal ser¬
for several previous years :
vices of the Superintendent, a deputy, a force of department
Oct. 23—Schr. Marcia Reynolds.Porto Cabello
Amer.gold coin..
$25,000 clerks and of forty-one gentlemen of high reputation, whose
Oct. 24—Str. Abyssinia.
15,600
Liverpool
...Amer. silver bars.
work was to appraise the property owned by the company or
Oct. 24—Str. Columbus....
Havana
Foreign gold coin
21,000
held
as security by it.
Oct. ^5—Str. Gellert....
Paris
The result is perfectly satisfactory as to
Foreign gold coin
2,000
London.
Amer. silver baie.
83,000 titles, values and in all respects. The cash securities are declared
Oct. 27—Str. nermann
London
Amer. silver bars.
60, C00 to be of the most unexceptionable character and worth $580,515
Southampton
Mex. silver bars..
7,6.80 more than their
cost.
The Superintendent verifies all the items
Mex. gold coin
10,500
Oct. 27—Str. City of Chester
of
Liverpool
Amer. silver bars.
liability, absolute or contingent, as sworn to by the officers in
15,000
Oct. 27—Str. Adriatic
Liverpool
Am. sil.c’n (frac.)
1,000 their annual report. He speaks highly of the management of
the several departments of the company, and commends its sys¬
Total for the week
$248,780
Previously reported
24,264,835 tem of book-keeping, which, he says, “seems to be perfect.
Omitting all doubtful matters, he puts the net surplus of the
Total since Jan. 1, 1877
$24,513^615 New York Life at $5,902,878, and, finally, says that it is “en¬
Bame time In—
r
same time in—
titled to public confidence and its officers to his warmest com¬
187®
$41,288,166 I 1870
$54,703,235
mendation.”
J8J5
65.232.517
|
1869
29,248,688
1874
44,766.895 | 1868
67,942,601
The Ontario Silver Mining Company produced for the month
1873
44,551.850 11367
43,937,332
of October $106,000 bullion.
The mill was run but twenty-five
.... 63.149.464 1 1866
..,55,585,777
}872
1871
68,211,222
days, having shut down six days to clean out the dry kiln.
..
—
■
all the purchased certificates
Mobile & Ohio
of the United
States, confirming the validity of the Tennessee substitution
bonds. The opinion in this case was delivered some months since.
‘
1/
currency,
paid with gold.
in the case of Duncan, Iseliu & Wilson against the
Railroad was this day entered in the Circuit Court
.
•«
further obstacle wiil be interposed to the
to
...
v
no
foreclosure of the complicated tangle of mortgages on the dif¬
ferent lines.
Under agreements made between the St. Paul and
Canada parlies, we understand that when the property is cleared
of existing incumbrances, new stock is to be issued, sixty per
cent of which will be held by Messrs. Kittson & Hill, of St.
Mobile & Ohio.—Memphis, November 1.—The final decree
EXPORTS FROM NEW YORK FOR THE WEEK.
„
all their difficulties, and to rescue this important system of
roads from the web of litigation which has so long obstructed
their completion ; for the prospect is that the stockholders will
come to an amicable agreement
with the present bondholding
to
7
1
November
3, 1877. |
THE
Saukecs’
®|)C
No National Banka organized
CHRONICLE
Closing prices here have
<©imttc.
6s, 1881
Per
Name of Company.
:
When
Books Closed.
P’able. (Days inclusive.)
Cent.
Railroads.
Albany.......
Boston Concord & Montreal, pref
Cedar Rapids & Missouri River (quar.).
Cincinnaii Sandusky & Cleveland
Boston &
Concord
Manchester & Lawrence
Nashua & Lowell.
Pullman Palace Car (quar.)
Wilton
Nov. 15
Nov. 19
Nov.- 1
Nov.
1
Nov. 1
Nov. 1
Nov.
1
Nov. 15
Nov. 1
$4 ‘
3
1
3
5
5
•••
2
2
3
Banks.
National Bank State uf New York
Nov.
3%
This is the price bid;
1u!Nov.
1 to Nov. 10
FRIDAY, NOVEMBER 2, 1877-5 P. HI.
Money
The
course
of
our
Market
and
markets has
Financial
Situation.
—
The
been rather
quiet and steady this
week, and financial circles are comparatively free from disturb¬
ing iDliuences. A division in the House of Representatives on
preliminary questions indicating tbe sentiment of the House as
to repealing the third section of the law of 1875 for
resuming
Specie payments in January, 1879, showed but a majority of 8 in
favor of it.
One important objection to the
repeal of the third
section of the law as now proposed is found in the fact that
free
banking is provided for by the same section, which reads as fol¬
lows:
That section 5,177 of the Revised Statutes of the United
States
limiting
aggregate amount of circulating notes of national banking associations
he
ana is nereby repealed, ard each
existing banking association may increase its
circulating notes in accordance with existing law without, respect to such
aggregatelimit, and new banking associations may be organized
in accordance
the
hereby repealed.
Ewing’s amendment. The committee have decided not to
press
this bill until after the 13th.
Our local money market has worked
pretty steadily at 5@7 per
cent on call loans aud
6£@7-I per cent on prime commercial paper.
The Express
says : “ Within a few days two banks have
scoured
the market aud
picked up about $500,000 prime paper at
6@7 per
cent
through note brokers. This small demand for
money from
legitimate traders is due to the present dulness of
general trade.”
The Bank of
England statement on Thursday showed a
gain
Of £98,000 in bullion for the
37|
week, its
per cent of
being reduced
reserve
liabilities, against 38f
00«
x.l
•
to
per cent the previous week.
The discount rate remains at 5
per cent.
The last statement of the New
York City
baLks, issued October 27, showed an increase Clearing-House
of $510,500 in
the excess above tlieir 25
per cent legal reserve, the whole of such
excess
The
being $8,095,325, against $7,578,825 tlie previous
following table shows the changes from the
week and
a
comparison with the
Oct. 20.
*
ww,
-1877.
Oct. 27.
vy c
i
-s.
i
Loans and dis.
8238,183,800 $23(5,287,4X)
S*01,6-;
circulation
rculation
16,519,900
..
...
Net deposits..
Legal tenders.
Iti.Q&ft
300
16.230.300
195.561,500
39.919.300
.
.
two
preceding
Differences.
lyiiivi
Oilvvo.
week.
previous
years :
1S76.
V> L
Oct.
40.
28.
V'
•
17,5-22,400 Inc
hah Tn#»
16,720,060
Inc.
.
m
802,500
auk
495,700
193,843,700 Dec. 1,712,800
39,233,100 Dec.
714,200
15.947,200
iaa
15,091,100
m run
215,303,000
43,862,000
an
,
9,920,900
17,997,700
221,076,200
53,455,400
advance in gov¬
week, notwithstanding the low prices of
The demand has
gold.
been better, and while the
inquiry for small
bonds continues, it is also
noticed that there have been
some
considerable purchases from
larger buyers, either investors on
their own account or
trustees of estates,
including some orders
from New
England. The prices of bonds are now so low as com¬
pared
with their range in previous
years, that whenever there is
z
bonajide demand from any quarter the question of
hkely to be any material impediment to transactions. price is not
6s,
6s,
6s,
6s,
6s,
5s,
5s,
5s,
2.
110% 110% 110%
110% *110% *110%
105% *105%
105%
108
108%
*108
108%
105% 105% *105%
105% *105% 105%
108% 108% *108%
made
no sate was
105%
108,%
108%
*105% 105% 105%
104% *105
105% *105% 105%
102% *102% 102% 102% *102%
102% *102% 102% *102% *102%
120% 120% *121
*121
*121%
the Board.
at
Range since Jan. 1, 1877
Lowest.
|
Highest.
reg. 108% Oct.
6 114% Jan.
1881
coup. 109% Oct.
6 115% May
5-20s, 1865, new..coup. 104% Oct.
6 111% May
5-20s, 1867
coup. 106% Oct.
8 114% May
5-20s, 1863.
coup. 109% Oct. 10 117% Jan.
10-4Os
10-40s
10o%
107%
coup. 106%
reg. 103%
coup. 103%
Oct.
Oct.
reg.
coup.
funded, 1381
4%s, 1891
4%8, 1891
4s, 1907
6s, Currency
8
114%
114%
8 112%
9 109%
Oct.
Oct.
6 109
5 106
11 126
of
each
—Amount Oct. 1.—
:egi
$193,996,500
60,9.9,950
93,429,000
15,729,500
Jan.
O
142,386,650
Feb.
•A
Oct.
108%
*109% *109% •109% *109% *109%
109% 109% *109% *109% *109%
107% 107% 107% 107% 107%
108% 108% *108% *108% ♦108%
106% 106% *106% 106% 107
107% 107% 107% *x 6% *-06%
105
*105
1881
2*19,4’ 8,659
Jan
July
May
July
113,070,750
Coupon.
88.739,850
100,597,600
212.189,900
21,136,300
52,179,603
289,021,700
86,9-<9,250
9,114,500’
885,500
July
64.623.512l
Closing prices of securities iu London have been as follows:
Oct. ) Oct.
Nov.
-Range since Jan, 1, ’77.Oct.
reg. 101
reg. 120% Oct.
“•
Q. S. 6s, 5-203, 1867
LT. S. 5s' 10-4‘Js
New 5s.
New 4% percents
and.
|
107%
107%
106
104%
Railroad
25.
2.
108%
108%
106%
105%
Lowest.
108%
106
108%
106%
105%
107
Highest.
|
June 25
Oct. 10
110% Feb, 6
110% Feb. 6
105% April 25; 109 July 11
102% May 16! 106% Aug. 7
Ronds.—Tennessees have been about
bonds, and sold to-day at 43J
vicinity have expressed their
willingness to fund their bonds and coupons into a new bond at
CO per cent of tlieir
holdings. Louisiana consols are dull at 86
to 86£.
Alabama consols, 40 bid for class “A,” and 70 for the 5
per cents.
South Carolina consols firm at 60@63. There is some
talk of tbe forming of a
syndicate, composed of prominent bank¬
ing firms, for tlie purpose of funding tbe Southern bouds. The
proposed syndicate would mature a plan which, adopted by the
Legislatures of the several States, would secure the funding of
the debt and tlie payment of interest.
Railroad bonds, on a fail*
demand, are well maintained. The Long Island Railroad has
gone into the hands of a receiver, but the old
mortgage bonds on
tlie main line should be secure
beyond a doubt, as tlie company
lias been able
to earn
its iuterest for years
past.
The sale of the
Mississippi Central Railroad has been confirmed in tbe United
States Circuit Court iu
Mississippi, and it is supposed that it
will
shortly be confirmed iu Tennessee. The plan of reorgani¬
Jersey has been completed by the
committee, but the details are not yet made public. Hannibal &
St Joseph bonds sold to-day
at 83. The Lake Shore & Michigan
Southern Railway Company paid off the second
mortgage bonds
of tlie Michigan Southern and Northern Indiana
Railroad com¬
pany, due on the first day of November.
zation of the Central of New
Messrs. A. II. Muller & Son sold the
auction
:
following securities
SHAKES.
j
(hypothecated).....
*
Messrs. A. H.
at
SHARES.
112 Arctic Fire Ins
53
23 Knickerbocker Fire Ins.
98
20 Broadway Ins
212
80 Arctic Fire Ins
57
9 St. Nicholas Fire Ins
92
8 East River Nat. Bank
80
7 Nat. Trust Co
75
25Bre.vers’ and Grocers’ Bank
10 Produce
Bank, N. Y
74
BONDS.
$729 Sixth Av. RR. scrip and 9
shares
$1,575
1,000 N. Y. City accumulated
debt 7s, due 1886
108%
1,000 N. Y. City street opening
and imp. 7s, due 1882
164%
105%
Nicolay & Co. sold the following
SHARES.
15 Coast Wrecking Co., $100
100 Harlem Gaslight Co.. $59
BONDS.
each.95
each 99
1,000 South Mountain RR. 1st
mtge 7s, due 1903
$54 each.
Closing prices of leading 8tate and Railroad Bouds for three
weeks past, and the range since Jan. 1,1877, have been as
follows:
Ocf.
19.
States.
Tennessee 6s, old...
do
68, new
North Carolina 6s, old
Virginia 6s,
1S75.
l.y
(J
Oc\
80.
Dec.$1,89-3,400 $259.*40,800 $275,914,000
United States
Bonds.—There has been
ernment bonds this
,
Nov.
1.
no*
no*
some talk that the
Governor
may call a session of the Legislature to act on the debt
question
if bondholders
propose a definite compromise to him, and some
of tlie influential parties iu this
„
telegram from Washington says that Mr. Fort’s amendment
repealing the date of the resumption bill was agreed to
in the
Banking and Currency Committee this morning, instead of Mr.
Nov.
31.
the most active of Southern State
for new, and 44 for old.
There is
,
A
Oct.
1877, and the amount
1877, were as follows:
State
with existing law without regard to the said
aggregate limit, and the pro¬
visions of law for the withdrawal and redistribution of
national bank currency
among the several States and Territories are
hereby
repealed
; and whenever,
and so often as circulating notes shall be issued to
any such banking associa¬
tion so increasing its capital or
circulating notes, or so newly organized
as aforesaid, it shall
be the duty of the
reduce the legal tender United States notes Secretary of the Treasury to
in excess only of
§390,00 .',000
to the amount of 80 per cent of the sum of national
bank notes so issued to
any
such banking association as
aforesaid, to continue such redemption as such
circulating notes are issued until there shall be
the sum of
$300,00;),0D0 of such legal-tender United States notes outstanding
and no more; and on and
after the first day of
January, A. 1). 1870, the Secretary of the Treasury shall
redeem in coin the United States
legal-tender notes then outstanding, oil
tlieir presentation for redemption at the office of
the Assistant Treasurer of
the United States in the
city of New York, in sums of not less than
£50; and
to enable the Secretary of the
Treasury to prepare and provide for the redemp¬
tion in this act authorized or
is
required, he
authorized to use any surplus rev¬
enues from time to time in the
Treasury not otherwise appropriated, and to
issue, sell and dispose of, at not less than par in
coin, either of the descrip¬
tions of bonds of the United States described in
the act of Congress
approved
July 14, 1870. entitled “An act to authorize the
of the national
debt,’’ with like qualities, privileges and exemptionsrefunding
to
the
extent
to carry this act into full effect and to
necessary
use the
proceeds thereof for the pur¬
poses aforesaid; and all provisions of law
inconsistent
with
the provisions of
this act
are
Oct.
30.
no#
6s, 5-20s, 1865, n. i...reg..Jan. & July.*105%
6s, 5-208. 18G5,n. i..coup..Jan. & July. 105%
68, 5-208, 1867
reg..Jan. & July. 108
6s, 5-20s, 1867
coup..Jan. & July.*508
5s, 5-208, 1868
reg.. Jan. & July.*109%
8s, 5-20s, 1868
coup.. Jan. & July.*109%
5s, 10-408
reg..Mar. & Sept.*1075?
5s, 10-40s.
coup..Mar. & Sept.*108%
5s, funded, 1881
reg..Quar.—Feb.*106%
5s, funded, 1881...
coup..Quar.—Feb.*107%
4%«, 1891
reg.. Quar.—Mar. 105
4%s, 1891
coup..Quar.—Mar. 105
4s, registered, 1907
Quar.—Jan. 102%
4s, small coupon
...Quar.—Jan. *102%
6s, Currency
reg..Jan. & July. 120%
*
The range iu prices since Jan.
1,
class of bonds outstanding Oct. 1,
:
Oct.
29.no
27.
reg.. Jan. h, July. 110
coup.. Jan. & July. 110#
Called bonds
been announced
follows
as
Int. period.
6s, 1881
during the past week.
dividends have recently
been
Oct.
DIVIDENDS.
The following
425
42%
*16
♦73
consol
do 2d series... *41
*107
long bonds—
..
...
*
This is the price Did; no sale was
Nov.
2.
44
43
*42%
*16%
do
Missouri 6s,
District of Columbia, 3-65s 1921 *73%
Railroads.
Central of N. J. 1st consol.
66%
Central Pacific 1st. 6s, gold
*106
Chic. Burl.
Quincy consol. 7s *110%
Chic. & Northwest’n, cp., gold *92%
Chic. M. & St. P. cons. s. fd, 7s
91%
Chic. R. I. & Pac. 1st, 7s
*107
Erie 1st, 7s, extended
*111
Lake Sh. & Mich. So.2d cons.cp *96
Michigan Central, consol. 7s...
Morris *& Essex, 1st mort
*11T*’
N. Y. Cen. & Hud. 1st, coup...
U8
Ohio & Miss., cons. sink, fund
*94%
Pittsb. Ft. Wayne & Chic. 1st *117
St. Louis & Iron Mt.. 1st mort
*97%
Union Pacific 1st, 6s, gold
104%
do
sinking fund....
94%
—
Oct.
26.
*43%
*17*4
*72%
Since Jau. 1, 1877.-
Loweet.
Highest.
42% Feb. 28
42
45
Feb. 28
16% Oct. 25
*10
82% April 2
*41% *42
38
Jan. 16
*106% 104 Jan. 23
Jan. 2!
*73% *74% 71
66%
50
107%
107% 106
*1C6%
109
93
100
113
114
Jan. 11
44% June 7
22J4 Jan. C
82% Apr. 2
45
Apr. 11
109% June 5
80
June21
Mch. 5 85
*68%
Jan. 5
106
107
4 110% June 11
105% Oct.
♦111
106
*110%
Mch. 16 111% June 14
*93
93% 80% April 11 94 " Oct. 16
91 % 78
Jan. 261 92% Oct.
*01%
6
*109
*95
117
*118
94%
*118
*98
105%
94
*97
*104
Xll4%
*119
*93%
*113
June 29
July 17
May 10
May
102
June 29
2 107% Oct. 31
Feb. 19 118
June 7
Mch. 5 121
May 24
81% June 28 95 Oct. 12
17
Jan. 9 122
June 23
92% Mch. 22 103% July 12
*99%
106% 103
*94%
Feb. 231112
Jan. 15
15 115
Jan.
9
92% Mch. 31
made at the Board.
108% June 18
98% Feb. 6
THE CHRONICLE.
426
Stock**
Railroad and MUetllaneoni
The
—
Vanderbilt, denying all connection with speculative transactions
in the stocks of his companies, though not, strictly speaking, an
influence bearing on the market, had a good deal of significance.
And in view of the oft-repeated stories that Mr. Vanderbilt was
among the principal operators, his denial cannot be without a
good effect in restoring confidence as to his good judgment in
managing the immense corporations of which he is the president.
A report of Michigan Central business, for four months of the com¬
Inc. $33,557
Nashv.Chatt. & St.L..Month of Sept..
Pad. A Elizabetht’n...2d week of Oct..
C. Mil. & St. P.
do
pref.
Chic. & North.
do
pref.
C. R. I. A Pac.
Del.* H. Canal
Del. L. & West
Erie
Han. A St. Jo*
do
pref.
Harlem
HI. Central...
Lake Shore...
Michigan Cent
15
34 *
68 *
36*
37*
36*
64*
Morris AEssex
N.Y.Cen.&H.R
Ohio A Miss...
Pacific Mall...
Panama
Wab. P.C. R’ta
Union Pacific.
Weat. Un. Tel.
Adams Exp...
American Ex.
United 8tates.
19*
'1U2*
35 X
34*
SS*
69*
66
65*
101*
102
102
45
45* 46*
51* 52*
N* 13
49*
12*
13*
18*
26
28*
28*
*140
143* 144
73*
75* 76*
*6*
68* 69*
65
65*
65*
NX
76
76
106* !07*
74*
106*
9*
9*
23*
9*
23*
-
16* 16* *16
67*
68
6*
81* 82
80*
*97*
98
53 * 53* *5J*
45
.
54
43
.
*44
45
45
23*
23* 23*
14*
15*
67*
60* 81*
17
63
67*
81*
93
•97
54*
45
53*
41*
86*
Total sales this week, and the range
were as
14* 15
67* 67*
79* 81*
•97*
53*
•53
44*
44* 44*
86* 86*
16* n*
•35
So*
85
36*
fc5*
87
85* 8d*
87
16
16
14*
)5* 16
17*
13
Quicksilver.... 16
36
33
40
39
35*
do
40*
36
*
33*
pref
*
This Is the price bid and aaked ; no sale was made at the
Wells, Fargo..
1876.
23* 23*
23*
».... 128
•.... 128
,..
Chicago Burl. A Quincy
Chicago Mil. A St. Paul
do
do
Delaware A Hudson Canal
Delaware Lack. A Western
Erie
Hannibal A St. Joseph
do
do
pref
Harlem
Dlinois Central
Lake Shore
515 135
19,971
202,366
6,600
Michigan Central
Morris A E-sex
2,614
N. Y. Central A Hudson River.. 12,066
Ohio A Mississippi
10,894
Pacific Mail
1,825
Panama
Wabash Receipts
Union Pacific
Adams Express
American Express
United States Express
^ells, Fargo & Co
Feb. 19 144
2 79
Oct.
Oct.
Oct.
Oct.
Jan.
Jan.
Oct.
July
July
May
Oct.
73* Oct.
23
2
13
23
7
3
3
74%
92%
109%
11*
26*
130
Oct.
Jan.
Oct.
Oct.
Aug.
Mch.
30 20* Oct.
15 73 Mch.
4 84* Sept.
23 It 5 Jan.
3 60* Feb.
59% Jan.
25
“
St.
North- Lake West'n
west. Shore. Union. Paul.
2
Total..
Whole stock
17*
•35*
4,950
6,500
3,600
5,500
2,700
1,350
31,800
30,900
27,100
45,.;00
47,561
19,705
8,300
4,500
29,500
8,650
15,000
11,800
8,020
100
27,350
2 *,234
17,700
24,600 202,366 119,459
8,850
51,820
130* 145
60% 103%
48% 68*
34* 65*
106
84
117*
24%
16* 39%
140
122
57%
63%
74*
80*
114
67
100
55
49*
76%
91
12,H40
Ohio &
Miss.
Erie.
800
3,550
25.9 0
4,400
1,900
11,700
14.100
3,110
8,050
1,500
2,544
19,300
4,700
5,600
3,500
2,750
1,400
6,600 88,040 28,210 10,894
524,000 780,000 200,000
151,031 494,665 337,874 153,992 187,382
earnings, and the totals from Jan. 1 to latest
given below. The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “ Jan, 1 to latest date” furnish the
gross earnings from Jan. 1, to, and including, the report mentioned
The latest railroad
dates,
are
in the second column.
earnings reported
1877.
3d week of Oct..
Month of Aug...
3d week of Oct..
$76,395
422,016
3 *,878
5,823
,2d week of Oct..
Month of Sept.. 1,4 0,535
3d week of Oct..
106.105
Chicago A Alton
Chic. Bari & Quincy. Month of Aug
1,330,249
Chic. Mil. & St. Paul.. 8d week of Oct..
259,000
,
..
.
7,980
4,286
322,896
53,194
13.808
St.L.A.AT.H.(brchs).3d week of Oct..
127,100
87,127
27.808
'
“
(Ken.div.)...2d week of Oct..
(Tenn.div.)..2d week of Oct..
St. Paul A S. City
Month of Sept..
Sioux CityASt.Paul. .Month of Sept..
Southern Minnesota..Month of Sept..
Texas A Pac flc
Month of Sept..
“
11,821
6,373
2,998
61,720
307,333
,
<,377,680
208,106
““ “
127’<W8
3’?21,11°
31,831
32,946
84,563
1,115,067
2,550,8S3
1,003,244 1,223.760
958,547
3.386,236
704,370
492, i?$
3.935,636 3,667,986
370,015 2,795,019 2,680,932
76,183 2,538,085 2,490,128
118,096 1,019,495 1,065,534
65,377
498,781
478,85*
132,828 1,2C5,060 1,267,96*
5,416
319,722
43,963
145,822
2,168,653
269,442
2,409,664
13,347
111,528
81,856
30,662
15,388
8,321
3,840
411,243
882,595
•
49,055
42,228
Tol.Peoria A Warsaw..8d week of Oct...
123,351
253,276
28,0(2
3d week of Oct..
112,558
94,651
Tli© Gold
7,566,487
fS’g2 3:079,161
32,404
39,0^6
174,893
35,094
Wabash
306,207
365,484
697,377
165,331
243,401
3,404,730 2,941,780
2,482,908 2,500,839
1,053,066 1,05 ,089
477,971
479,176
255,727
261,620
119,996
117,871
349,146
410,609
200,580
425,624
1,606,223
251,395
441,824
1.189,803
896,030
1,174,680
3,553,566 3,511,737
IVIarket*—Gold has been dull, and there is little
to affect the
price except the discussions in Congress. To-day,
the price was 102f@I02$.
On gold loans the carrying rates were
2, l|,
3, 3£ and 4 per cent, also flat.
The following table will show the course of gold and gold
clearings and balances each day of the past week:
-Quotations.
Op’n
102%
102*
102*
Saturday,
Monday,
Tuesday.
Low.
102*
102*
102*
102* 102*
102% 102%
Oct. 27...
“
29...
“
30.-..
Wednesday, “ 31...
Thursday, Nov. 1...
Friday, '
“
2...
102% 102*
Current week.
Previous week.
Jan. 1 to date..
High
102%
102%
102%
102%
102%
102%
Total
102% 102* 102* 102*
102% 102* 103
102%
107* 102* 107% 102*
The following are
American coin:
-Balances.—
-
Gold. | Currency*
Clos. Clearings.
102% $16,535,000 $2,124,000 $2,185,808
102*
15,922,000 1,805,500 1,357,690
11,770,000 1,061,041 1,167,922
102*
102%
16,118,000 1,441,164 1,844,811
102%
21,890,000 1,599,657 1,641,219
102*
14,828,000 1,205,092 1,239,959
$97,063,000
94,598,000
771,107
795,882'
the quotations for gold in foreign and
$4 84
Dimes A half dimes.
—
3 84
X X Reichmarks.... 4 74
X Guilders
3 90
15 65
Spanish
Doubloons.
Mexican Doubloons 15 50
119
Fine silver bars
Large silver, %sA*s
—
96*®
96*®
—
97%
97%
Five francs
—
93
—
95
—■
93
Fine gold bars
<8l $4 88
@ 3 88
@ 4 80
@ 4 10
@ 16 15
@ 15 60
119*
par®%prem.
Mexican dollars.
.
-
English silver...
®
®
—
94*
® 4 85
65 ® — 70
96*® — 97*
—
4 75
Prussian silv. thalers
Trade dollars
—
—
been a fair supply
ready to draw in
consequence.
The bond importers have still been the principal
purchasers when they were suited with the price. Actual busi¬
ness to-day was done on the bas’s of 4.80(3)4.80^ for sixty days’,
and 4.84@4.84£ for demand sterling bills.
In domestic bills the following were rates on New York
to-day at the undermentioned cities: Savannah, buying 5-16@f
discount, selling £ discount; Cincinnati, moderate demand, par,
selling 100 premium; St. Louis, 1-10 discount; Chicago, 25 pre¬
mium; Milwaukee, par; Charleston, easier, 5-16@± discount, £
par; and New Orleans, commercial, f, bank, £ discount.
Quotations for foreign exchange are as follows:
Exchange.—In foreign exchange there has
of commercial bills, and bankers were more
-Nov. 2.*
60
Prime bankers’ sterling bills on London...,
Good bankers’ and prime commercial
Good commercial
Documentary commercial
Paris (francs)
..
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
days.
4.80*@4.81
4.79%®4.80*
4.78 @4.79
4.77*@4.78*
5.22*@5.20
5.22*@5.20
5.22%@5.20
39%@ 40
Boston
Banks.—The following are
series of weeks past:
Sept. 17.
Sept. 24.
®4.83
@5.18*
@5.18*
@5.18*
40*@ 40*
94%® 95*
94%@ 95*
94%@ 95*
94%@
95*
the totals of the Boston
a
Loans.
$
Sept. 3..
SepL 10.
4.82*®4.83*
4.82
5.20
5.20
5.20
93% @ 94*
93%@ 94*
93%@ 94*
93%@ 94*
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
binks for
3 days.
4.85 ®4.85V4
4.84 ®4.85 1
128,830,900
Specie.
$
L. Tenders. Deposits. Circulation.
$
$
$
1,787,200
2,151,-200
129,092,200
129,162,600
123,78-',900
2,261,200
128,819,900
128,147,100
127,402,700
126,852,850
126,497,500
2,407,000
2,267,200
2,119,003
2,210,6 H)
2,459,600
2,375,000
$
34,657,727
23,524,000 41,237,484
23,546,300 41,842,091
23,421,400 41,020,<80
6,761,500
6,652,100
49,261,700 23,336,500
6,767,100
49,513,8 0
6,809,300
49,446,700
49,567,500
Agg. Clear-
48,830,300 23,341,030 40,82/,565
Oct. 8...
49,458,400 23,808,0 0 53,175,098
Oct, 15..
48,339,800 23,987,700 47,046,262
Oct. 22..
48,427,800 24,637,000 50,592,.19
Oct. 29..
43,770,800 23,949,300 44,510,414
5,947,800
Plxiladelpixla Banks.—The totals of the Philadelphia banks
are as follows:
Loans.
Specie. I Tenders. Deposits. Circulation. Agg. Clear.
Oct. 1...
6,430,3u0
5,811,900
5,427,100
5,505,000
.
-Latest
Atch. Top. A 8. Fe..
Atlantic & Gt. West.
Bur. C. Rap. A North
Cairo A St. Louis....
Central Pacific......
69,767
125,714
59,027
157,424
96
5
follows
Mich. Del. L.
Cent. A W.
1,400
1,100
1,100
1,600
1,300
16,875
22
14*
20% 109%
112* 121*
18% 46%
49% 84*
31% 45*
55* 67*
98% 111*
61% 125
64% 120%
7% 23%
10* 22*
18% 33*
626,058
347,991
St.L. I. Mt. A South.3d week of Oc\.
St. L. K. C.A North’n. .3d week of Oct.
St. L. A S. Francisco ,3d week of Oct..
8t.L. AS.E’n(StL.div.) 2d week of Oct..
Sovereigns
Napoleons
Whole
year 1876.
Low. High
June
90
Total sales of the week in leading stocks were as
..
17
in prices since Jan. 1,
40% Apr.
45
Apr.
35* Apr.
51* June
85* Apr.
2% July
12% Apr.
80
Apr.
6,141
% June
1,185 59% Jan.
Apr.
119,459 56
97 91
Apr.
165 43% July
400 36
Apr.
570 81
July
-
Western Union Telegraph
«
57
•44*
•86
Board.
18,400 40% Apr. 23 72%
Apr. 13 43%
24,600 15
31,450 37% Apr. 23 69*
3,108 82* Apr. 23 105*
9,008 25* June 13 74*
88,040 30% June 11 77
28,210
4* Apr. 2 15
6 125
7
Apr. 17 15%
5,100 17 Apr. 17 33%
pref...
do
do
pref...
Chicago Rock Island A Pacific..
27
29..
“
30
“
31
Nov. 1
15*
67* 67*
79 * 80*
•97* 98*
54
Sales
of w’k. .—Jan. 1,1877, to date.
Shares
Lowest.
Highest.
Mch.
1,510 15* Feb. 3 25
6
June
11
37% Jan.
2,380
Mch. 19 118% Jan.
90 94
51,820 11
Apr. 12 42* Oct.
Chicago A Northwestern
••
15*
follows:
Atlantic A Pacific Telegraph
Central of New Jersey
Oct.
23* 28*
•.... 128
104,494
Jan. 1 to latest date.
1817.
1876.
11,999
193,59
85,423
Fad. A Memphis
3d week of Oct..
Phila. A Erie
Month of Sept..
St. Jos. A Western....Month of Aug..
...
23* 23*
15* 16
67* 67*
81* 82*
97* 97*
54
Friday,
Tuesday, Wednes’y, Thursday,
Nov. 2.
Oct. 31.
Nov. 1.
Oct. 30.
22
22
20
20
21
19
19*
19* 20
16
16
13* 15
16* •14* 16
103
■102* If3“ 102* 102*
•102* 103* 103
3 * 34*
S3* 84*
36“ 34 * 86* 33
34*
6.*
68
69
67
66* 68*
67*
69*
35
35
35* 36
36
36*
*
36*
3>*
37*
64* 64*
63* 65*
65*
64* 66*
63* 64*
101*
101* 100* 101* •101
101* 101* 101* 101
46* 46*
46
45* 46*
45* 46*
46*
46*
51
50*
49*
50*
50* 51*
5:*
50* 51*
12* N*
12
11* 12*
12*
13*
N* 13*
13
13
12* N*
12* 12*
NX- 12*
13*
27
29
27* •26*
27* 28*
144
144
143
143
143
144
•143
143* 143
75
75
73 * 74*
73* 74*
73* 75*
75*
68* 69
67* 68*
69* 70*
68* 69*
70*
63
66
64
66
65
64* 64*
61*
C5*
•.... 76
74* 75
75* 75*
75* 75*
76*
107* lOd* io; * 106* 106* 105* 106* 106* 107*
9
8*
9*
9*
8* 9*
9*
9*
9*
oct, 29
17
89,42?
$631,636.
Monday,
16*
25,329
~$598,078
1877.
adjustment has been made between the two telegraph
companies, by which the Western Union is to bear 86’8o^ per
cent of the gross expenses of operating, and Atlantic & Pacific
18*14£ per cent.
The stocks of the leased lines of the Pennsyl¬
vania railroad, Pittsburgh Fort Wayne & Chicago and Cleveland
& Pittsburgh, lell off on the announcement that the Pennsylvania
had again passed its quarterly dividend, but soon recovered
again.
The total number of shares of stock outstanding is given in
the last line, for the purpose of comparison.
'The daily highest and lowest Drices have been as follows:
Burl.AQ
Indianap. Bl. A W...3d week of Oct..
Dec. $18,835
Dec. 52,393
given as follows:
An
Chic.
1,182,830
8,921
1,483,669
Expenses
Central of N.J
1876.
1,536,063
$2,134,141
At.&Pac. Tel.
1877.
$2,115,306
1876.
Earnings
Oct. 27.
•19 * 20
earnings reported.
Chic. & Northwest...Month of Sept.. 1,540,0j0
Clev. Mt. V. A D.,Ac..3d week of Oct..
8,993
Denv. A; Rio Grande.. .8d week of Oct..
17,002
Grand Trunk
W’kend. Oct. 2a
220,920
Great Western.
W’kend.Oct. 19.
99,734
Hannibal A St. Jo
31 week of Oct..
43,604
Honst’n A Tex. Cent.Month of Aug...
199,875
IllinoisCen. (Ii).line)..Month of Sept..
563,0 5
do (Leased lines).Month of Sept..
191,239
Int. A Gt. Northern...3d week of Oct..
Kansas Pacific
3d week of Oct..
Louisv. Cin. A Lex*..Month of Aug...
Loui8V. A Nash., Ac..Monln of Sept..
Missouri Pacific
Month of Sept..
Mo. Kansas & Texas..3d week of Oct..
Mobile A Ohio
Mouth of Aug ..
New Jersey Midland..Month of Sept..
pany’s fiscal year, from June 1 to Sept. 30, is
Saturday,
Latest
in
business
stocks has been moderate in volume, and prices generally close
lower than when we last wrote.
The letter of Mr. Williain H.
Net
fVoi. xxv.
Jan. 1 to latest date
1877.
1876.
1876.
$78,182 $1,999,600 $1,964,970
303,7(6
25,859
921,193
9^7.807
210,012
6,613
18?,580
1,871,876 12,036.107 13,136,197
136,620 3,644,325 4,092,583
1,049,871 7,531,512 7,549 622
196,203 6,195,460 6,428,962
Sept. 3
Sept. 10.
Sept. 17.
.
Sept. 24.
Oct. 1...
Oct. 8...
Oct. 15.;
| Oct. 22..
Oct. 29..
61,013,149
60,812,307
$
$
1,132.272 14,642,247
1,244,007 14,539,275
1,142,579 14,355,546
1,346,380 14,223,863
1,376.571 13,920,867
1.320,515 13.461,572
1,294,076 12,957,296
1,28',578 12,971,540
60,731,184
1,357,001
$
61,110,147
61,057,342
61,393.773
61,152,599
61,088,110
61,218,252
13,143,721
$
49,989,663
49,397,024
49,750,085
49,275.003
49,072,910
48,293,947
47,768,873
47,(50 675
48,047,866
10,403,113
10,536,776
10,524,262
10,552,693
10,579,169
10,576,(00
10,605,836
10,‘91,169
10,628,001
•
28,861,504
30,566,963
33,750,225
34,831,338
32,856,411
40,605,826
37,829,614
38,624,456
33,937,470
November
THE CHRONICLE.
3, 1877.]
l«ew fork City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week
ending ftt the
427
BOSTON, PHILADELPHIA, Etc.-Continued.
commencement of business on Oct. 27, 1877*
Bid. Ask.
SECURITIES.
Bid. Ask.
SECURITIES.
-AVERAGE AMOUNT OJ*-
Loans and
Net
Le,
Circula¬
Capital. Discounts. Specie. Tenders. Deposits.
Banks
$
8,278,200
5.937.700
7,055,400
6.355.200
4.353.400
8.733.600
2,601,000
5.885.400
3,082,600
1.874.200
9.390.300
3.236.100
3.430.700
1,524,000
1,702,000
$
8,000,000
vgt«York
Kttan
Co...
Merchants
Mechanic?
2,050,000
M’SS
2.000,000
1,500,000
Union
8,000,000
America
pfiSb.
h000,000
1,000,000
City
Tradesmen’s
....
1.000.000
000.000
Pulton..
300,000
Chemical
Merchants’ Erch. 1,000,000
Gallatin National 1,500.000
Butchers’* Drov. 500,000
Mechanics’ & Tr. 600,000
$
$
$
2,127,200 1,C62,300
647.300
653,500
817.500
1,104,600
656.100
272.600
,
1,080,200 1,296,300
276,000
437,000
1,220.400
741,000
350.200
129.100
304.400
652.600 2,190,900
278,000
447.800
448.100
243.200
198,000
67,000
185.200
46.800
75.500
Dec. $1,896,400
Net
Inc..
Dec.
Circulation...
802,500
Dec. $1,712,800
495,700
..Inc.
Legal Tenders
714,200
The following are the totals for a series of weeks past:
Loans.
Specie.
L. Tenders.
May 12. $256,519,600 $23,272,500
May 19. 255.844,700 21,867,200
May 26 253,505,500 21,348,700
June 2. 250,75*,400 19,814,500
June 9. 251,673 000 19.441.700
Jane 16. 250.687.500 18.352.100
Jans 23. 250.416.500 16,209,000
June30. 251.655.600 17,453,000
July 7. 253.323.800 2\259,300
July 14. 252.452.700 18.887.800
July 21. 255.982.200 14.979.800
July 28. 249,169,603 13.984.100
Aug. 4. 249.767.800 14.135.800
Ang.ll. 245.377.200 15,030,700
Aug.18. 243,896,300 13.449.700
Aug.25. 244.899.600 14,250,000
Sept I.. 241.778.700 16,030,100
Sept. 8.. 243.920.800 19,961,600
Sept, 15. 243,795,000 19,913,000
8ept 22, 243,976,403 19.274.700
Sept. 29. 241.847.800 16,652,300
Oct. 6... 238,470,900 16.551.700
Oct. 13.. 218.229.600 17,090,300
Oct. 20.. 238.183.800 16,515,900
Oct 27.. 236,287,400 17,322,400
.
Deposits. Circulation. Agg. Clear.
$217,226,000 $16,068,700.$432.349,459
226,645,400 16,069,900 393,161,605
225,432,600 16.069,000 384,639 097
223,481,600 16,143,700 833,535,818
223,738,500 16,162,000 401,145,247
222,665.800 15.971,000 889,281,258
223,316,100 15,765,600 365,825,918
226,488,2*) 15,643,200 327,793,221
231,228,600 15,558,100 345,922,956
229,088,300 15,668,400 394,344,937
222.813,600 15,646,400 400,708,240
221,064,900 15.517,900 368,914,804
219.166,600 15,585,300 390,467,627
215,431,600 15,639,500 340,062,240
213.414,600 15,545,900 344,757,974
313,026,300 15,515,500 420,915,000
209,450,700 15,383,300 400,793,928
210,574,100 15,568,400 897,270,385
208,582,400 15,577,100 379,235,693
206,724,100 15,596,100 405,032,278
200,771,200 15,724,400
197,853,400 15,990,200 423,838,637
40,316,800 197,171,600 16,081,000 435,78:,249
35,949,300 195,561,500 16,230,300 478,165,840
39,235,100 191,848,700 16,726,000 437,387,453
$51,066,700
52,437,700
53,570,400
55,899.700
55,078.100
56,863,600
58,225,600
60,359,500
59,447,000
58,809,200
57,499,700
57,325,200
54,262,100
53,094,800
52,696,006
50,789,000
48,130,600
45,303,900
44,045,900
42,454,400
41,975,500
41,402,000
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
8KOTJBITIB8.
Bid. Ask.
BOSTON.
u,
3
Maine 6s
Vermont
6s
110
Boston 6s, currency
dQ 5s. gold
Chicago sewerage 7s..
111*
do
»o*ton <s
land grant 7s
do
2d 7s
.,
•
land Inc- lfc
6s.
87*
79*
48*
§7*
80
ioo*
100
106
....
7s....
Neb. 8s, 1391
Neb. 8s, 1883
hSS&Ah?-i
3*8»new*
* Erie 7s, new
• • •
Ch. 8s...
»uw»na,new 7s...
Ven2’t & 1st m.t cons! *7s, ’86.
VanfiL*.
m.,7s< 1891
ermont A2d
Canada,
new
93*
Ra
Cheshire preferred
Cin. Sandusky & Clev
Concord
Connecticut River
Conn. & Paasumpslc
Eastern (Mass.)
Eastern (New Hampshire).
Fitchburg
Manchester & Lawrence...
Nashua & Lowell
43*
....
*48
51
4
m
•
•
•
•
100
xl21
40
52
Huntingdon* Broad Top.,
do
do pref
*5
iof)* i07
91!
50*
*
Norwich & Worcester
...
©gdensb. & L. Champlain
do
50*
11* Old Colony
do
pr<
Portland Saco & Portsmouth
Rutland, common
do
preferred
Vermont & Canada
Vermont & Massachusetts...
Worcester* Nashua
....
74
124
31
91*
90*
05
9*
125
31*
92
97
....
....
iw* Flo
46
<0
do
91
do
do,
Pennsylvania
Pennsylvania
Philadelphia* Erie....
Pnlladelphia * Reading
Philadelphia A Trenton
Phlla.Wllmlng. * Baltimore.
...
Pittsburg Tltusv. & Buff
United N. J. Companies
West Chester consol, pref...
West Jersey
Northern Central
RAILROAD
•
50| 10
a*
49
,40*
100
14
39
29
9i
15
115
10*
50
50
BONDS.
t
6s, 1880, J.&J.... 103
do
Cen. Ohio
6s, gld, 1900, J.&J. 94*
6s, 1st m.,’90,M.& 8.
W.Md.6s, 1stm.,gr.,’90fJ.&J.
do
1st m., 1890, J. & J... i 98
do
2d m.,guar., J.& J
do
2d m., pref
do 2d m.,gr. by W.Co.J&J
do 6s. 3d in., guar.. J.& J.llll
Mar. & Cln. 7s,’92, F. A A
90
do
2d, M. & N
44
do
8s, 3d, J.&J
18*
Union RR. 1st, guar., J. & J..
do
Canton endorsed. 103
91
40
...
19*
103*
MISCELLANEOUS.
10*
16* People’s Gas
Morns
do
pref
Peansylvanla
Schuylkill Navigation
| 14* 15
WASHINGTON.
18
8*
pref..
RAILROAD BONDS.
District < f Columbia.
Perm. Imp.6s, g., J.AJ., 1891.1102
do
7s, 1891
102
Market Stock bonds, 7s, 1892. 102
Water Stock bonds, 7s, 190i.. 102
do
do
7s, 1903.. 1102
104
104
104
104
..
104
Allegheny Val., 7 S-10s, 1893.. 100* ‘07*
Washington.
do
7s, E. ext., 1910
Ten-year bonds, 6b, ’78
! 94
do
Inc. 7s, end.. ’91. 40
43
Fund,
loan (CoDg.) 6s, g., ’92. 102
Belvidere Dela. 2d m. 6s. *85.. 100* 101
do
(Leg.) 6s, g., i902. 102
do
Sim. 6s,’37.. 93
90
Certlfs.of suck (1828) 5s, at pi. 75
Camden * Amboy 6s, ’83. ...
do
(1843) 6s, at pi. 90
do
6s, coup., ’89 102*
Ches.AO.st’k (’47) 6s, at pi... 85
do
108
mort. 6s, reg.,’89 107
Georgetown.
Cam. & Atl. 1st m. 7s, g., 1908
General stock, 8s, ;881
100
do
2d m., 7s, cur.,’8C 94
'90
do
6s, at pleasure 85
Cam. * Burlington Co. 6s,’97. 101
Bounty stock, 6s
do
85
Catawlssa 1st, 7s, conv., ’32...
Market Btock. 6s
do
| 85
do
chat, m., 10s, ’f
Board
of
Public
Works—
103
do
new 7s, 1900.
103*
Certlf s. gen. Imp. 8a,
93
.
100
Connecting 6s, 1900-1904.
Dan. H.& Wilks., 1st.,7s, ’87*.
Delaware mort., 6s, various.
Del. & Bound Br., 1st, 7s. 1905 97
98
102
East Penn. 1st mort. 7s, ’88
El.* W’msport, 1st m., 7s, ’80 102* 105
do
1st m., 5s,perp
Harrisburg 1st mort. 6s, '83.. 105 100
H. * B. T. 1st m. 7s, gold, ’90. 105
112
U'5
do
2d m. 7s, gold, ’95.
40
do
3d m. cons. 7s, ’95*. 25
Ithaca* Athens 1st, gld, 7a.,’90
Junction 1st mort. 6s ’82
do
2d mort. 6s, 1900
Lehigh Valley, 6s, coup., 1898. 109 109*
do
6s, reg., 1893... 109* 110*
do
7s, reg., 1910... 112* 114
09
do
con. m., 6s,rg.,1923 ,»8
Little Schuylkill, 1st m. 7s,V2
107
North. Penn. 1st m. 6s, cp.,’85. 100
do
2dm.7s.cp.,’96. 109*
ib*7
do gen. m. 7s, cp., 1903.
do gen. m.7s, reg., 190? 106* 107*
89
Oil Creek 1st m. 7s, coup.,’8i. 87
54
Rlttsh. Tltusv. & B., 7s, cp.,’96 53
Pa.* N.Y.C.& P.RR.7S,’96-1906 109*
Pennsylvania, 1st m., cp.,’80.. 105* 100
do
108*
gen. m.6s,cp.,19i0 106
107
do
gen. m. 6s, rg., 1910 100
93
94
do
cons. m. 6», rg., 1905
93
do
cons. m. 68, cp., 1905.
93*
.
...
Perkiomen 1st m. 6a. coup.,’97
102
Phila. * Erie 1st m.6s, cp.,’8i 101
do
2d m. 7s,cp.,’88.
98*
104*
Phila. & Reading fls, ’SO,
do
•
7s, coup.,’93
45
do
deben., cp.,’93
102
do cons. m. 7s, cp.,1911 101
do cons. m. 7s, rg.,1911. !0l* 102
58
57
do new con.7s. 1893...
05
Phila.* Read. C.& I. de57s.92
do
do
7s; *92-93.
Phila. Wtlm. * Balt. 6s, ’84
Pitts. Cln. & St. Louis 7s, 1900 73* 74
Shamokln V.& Pottsv.7s, 1901
Stcubenv. * Ind. 1st, 6s, 1884. 84* 85*
98
Stony Creek 1st m. 7s, i907...
108
United N. J. cons. m. 6s, ’94.
77*
Warren * F. 1st m.7s, ’95
1)9
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’83 80
do
1st m. 6s, cp.,’96/
do
1st m. 7s,’97......
Western Penn. RR. 6b, ’.893... 75
do
6s P. B.,’96
Wilm. & Read. 1st m. 7s, 1900*
do
2d m., 1902*...
Sunhury * Erie 1st m. 7s, ’97..
84
81
101*
80
Lehigh Navigation 6a, reg.,’84 104
do
RR., rg.,’9 1C3
do
deb.,rg., 77
do
conv.,rg. *81
95
ao
conv., g., rg.,’9-,
do
gold, ’97.... 86
05
do cons. u.7s, rg.,191
Morris, boat loan, reg., 1885.
Series
Certlfs. sewer, 8s, ’71-77....
10
99*
106
100
100
45
98
35
CINCINNATI.
fong.+
.
Dayton* Mich. 1stm.7s. ’81. 102
da
2dm. 7s,’84.
90
do
3d m. 7s, ’83.
90
Dayton * West, lstm., ’8I...+ 100
do
1st m., 1906
85
do
1st m.fs, 1905 70
.
Ind. Cln. * Laf. 1st m. 7s
do
(I.&C.) 1st m.78,’88
Little Miami 6s, ’S3
Cln. Ham. & Dayton stock...
Columbus * Xenia stock
|
Dayton * Michigan stock....
st’k.guar
do
8. p.c.
Little Miami stock
05
88
99
14
98
91
| 92
100
110
113
104
97
100
106
112
100
103*
101
48
94
75
105
103
98
95
90
78
70
90
100
16
100
35
92
92*
LOUISVILLE.
Louisville 7s
tllOl
do
6s,’82 to’87
+ V7
do
6s,’97 to’9i
t 97
do
water 6a,’87 to ’89 + 97
water stock 6s,’97.+ 97
do
do
do
wharf 68
..+
spec’l tax 6a of ’89.+
97
07
Jeff. M.&I.lst m. (I AM) 7b,’8lt
do
do
2dm., 7s
1st ra.,7s, 1906
+
Lonlsv. C. A Lex. 1st m. 7s,’97
71
100
112
Louis.* Fr’k.,Loulsv.ln,6s,’8! 100
Louisv. & Nashville—
Leb. Br. 6s,’86
t 97
1st ra. Leb. Br. Ex.,7s,’80-£5.+ 96
Lou.In.
do
6s,’93...+ 98
Consol, lstm. 7s,’38 ....
95
Jefferson Mad. & Ind
Louisville* Nashville
38
Louisville Water 6s, Co. 19071 98
do
do
ao
88
95
Cincinnati 6s
f 98
do
7s
4 100
do
7-30s
+ 108
do
South. RR. 7-30s.f 102*
do
do
6s, gold. ....
Hamilton Co., O., 6s. long...t 97
do
78, lto 5 yrs..+100
do
7 & 7-S0s,
107
Cln.* Cov. Bridge st’k, pref. 95
Cln.Ham. * D. 1st m. 7s, ’80
102*
do
2dm. 7s, ’85.. 99
Cln. Ham. * Ind., 7s, guar.... 45
Cln. & Indiana 1st m.7s
92
do
2d m. 7s, *i7... 71
Colum. A Xenia, 1st m. 7s, ’90 102
ST.
Chesap. & Dela. 6s, reg., ’86.
Delaware Division 6s, cp.,’78
100
104
104
80
’77-78.1
do
LOUIS.
St. Louis 6s, lor e
t
do
water 6s, gold
••
do
do
do
new.-
CANAL BONDS.
of 1ntero«t,.
*95
Baltimore Gas certificates...
Lehigh Navigation
Tn
•
...
Sli
111
Delaware Division
*
•
6a, 1885, A.&O. ..|i03
104
N. W. Va. 3d m.,guar.,’85,J*J
Pittsb.A Connells v.7s,’98, J&Jl 99
Northern Central 6s,’85, J&J 103
103*
do
6s. 1900, A.&O. 100*
do
Chesapeake * Delaware
Susquehanna
105*
Pittsburg * Connellsvllle..50
CANAL STOCKS.
do
ioi*
Par.
Balt.* Ohio
100| 100
do
Wash. Branch. 100
do
Parkersb’g Br..50
Balt. & Ohio
113
1J2*
113
101*
Western Maryland
Central Ohio, pf d
41
99
11
35
29
0
15
Northern Pacific, pref..
1902, J.&J
railroad stocks.
37
45*
.
Norristown
6s,exempt,’9S.M.AS......
112
1900, J.&J
do
5s
Norfolk water, 8s
8* .4*
31H
38
3H
46
....
6a, park, 1890,Q.—M. Ill
68, 1893, M. * S
do
8
Little Schuylkill
lilnehlll
6s, ;8S6, J.&J
6s, 1890. quarterly.
do
do
do
38
114
do
6?, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, tS3*, quarterly.!.,..
20
28
Lehigh Valley
....
New York & New England.
Mo., land grant
)&.d&nBl>ur8 * Lake
121*
x93*
43
Albany 7s
RftSnn £ Novell 7s
f*
Maine 7s
•nrl. *
;do
X....
X....
Aicn.* Tcpeka 1st m.7a
do
Boston * Albany
Boston & Lowell
Boston & Maine
109
...
a**
o
Camden * Atlantic
do
do
pref
Catawlssa
do
pref
do
new pref
Delaware * Bound Brook...
East Pennsylvania
Elmira & Williamsport
do
do
pref.
Har. P. Mt. Joy & Lancaster
North
,
Maryland 6s,
6s, defense,
J.* J..|
exempt, 1887
RAILROAD STOCKS.
NeBquehonlng Valley.
6s,’95....*|
BALTIMORE.
111*
00
m.
65~
95
70
105
.
Massachusetts 5s, gold
no
....
stocks.
107
Mew Hampshire 6s
~
Bid. Ask.
8KOUBITIB8.
,04*
reg.
6s, new, reg....
N. Jersey 6s, exempt, rg.*cp
Camden County 6s, coup....
Camden City 6s, coupon
do
7s, reg. & coup
Delaware 6s, coupon
Harrisburg City 6s, coupon
102*
915.600
758,100
1.968.700
944.400
86,500
1.491.900
45,000
7,5:34,000
236,000
5.337.600 2,142,100
2.902.500
894,600
2.802.300
45,000
1,845,000
1.634.400
450,000
3,017,800
868,400
1.235.900
5,400
1.597.800
3,lb8.600
448:466
Deposits
65
6a, Imp *80
6s, boat * car, 19131
7s, boat * car. 1915 50
111* Snsqnehanna 6s, coup., 19.8 .*}
do
5s, reg. & cp., 1913 81
do
6s, gold, reg
do
7s, w’t’r ln,reg.*c 101^
do 7s, str. Imp., reg., ’83-86 *7o
625,300
45,000
207,000
191,000
2,700
237,500
68,235,200 236,287,400 17,322,400 39,235,100 193,848,700 16,726,000
The deviations from returns of previous week are as follows:
6s, 15-25, reg., 1882-’92
Allegheny County 5s, coup..
Pittsburg 4s, coup., 1913
794,700
1,092,000
62
90
2dm. 6s. 190,
do
do
do
do
do
5s, new, reg., 1892-1902 107
107*
6s, 10-15, reg., l*n-’82 103* 104
do
270,000
1.356.600
5s, cur., reg
Philadelphia 6s, old,
1,100
Total
Specie
do
do
do
do
m3,000
125,200
802,200
191.600
Greenwich
200,000
299.600
307, i66
Leather Manuftrs. 600,000 2.411.700
175.800
945,400
91,300
Seventh Ward.... 300,000
233.300
219.400
State of N. York.
800,000 1.715.100
819,000 1,551,000
American Exch'e. 5,000,000 11,243,000
315.400 1,109,700
Commerce
5,000,000 14,135,900
636,100
74,200
Broadway
1,000,000 4.611.900
415.800
256,300
Mercantile
l.'OO.OOO 3.153.600
483.300
24.500
Pacific
422,700 1.916.600
112.200
Republic
1,500,000 3.224.600 365,200
414.700
261.100
Chatham
450,000 8.183.400
22.800
174.200
People’s
412,500 1.384.900
1.976.700
251.600
109,000
North America... 1,000,000
657.400
186.600
Hanover..
1,000,000 3.678.200
411.700
14.900
1,842.000
Irving
500,000 1,920,030
76,100
Metropolitan
8,000,000 12,617,000 1,122,000 1,448,000 10,393,000
329,000
Citizens'..
353.400
600,000 1.390.100
61,100
1.518.500
134,100
307,000
Nassau
1,000,000 2,044,200
29.700
2,005,300
3,900
Market...
1,000,000 2.523.700
331.500
146,000
1.704.400
217,500
St. Nicholas
1,000,000 2.148.400
65.900
216.200
989.600
496,300
8,591,000
Shoe and Leather. 1,000,000
189.100
492.500 2,760.000
349.200
Com Exchange... 1,000,000
98.100
2.973.200
567,000 1.879.600
4,700
2.914.400
Continental
1,250,000
461,000
42.100
1.852.100
722.200
Oriental
300,000
10.400
194.200
1,317,000
1,099,300
Marine
400,000
1.992.400
111.400
416.600
1.969.300
241,400
Importers’&Trad. 1, £00,000 14,780,200
596,500 3,665,300 15,179,700 1,116,400
Park.
2,000,000 10.339.400
511.100 3,066,600 12.824.100
60,000
Mech. Bkg. Ass’n.
709,600
113.800
500,000
9.700
529,000
296,900
Grocers’
785,800
3.400
300,000
157,000
708.400
North River,..;..
40',000
883,900
134.300
19.500
745.500
Bast River
350,000
125.200
751.300
12,700
585,800
98,800
Manuf’rs’ & Mer.
100,000
437,000
1.100
115.500
501,100
Fourth National.. 3,750,100 12,779,100
316,900 2,817,100 10,389,200 1,046,600
Central National.. 2,000,000
7,680,000
148,000 1,658,000 6,752,000 1,463,000
Second National..
300,000
1,940,000
614,000
2,022,000
■270,000
Ninth National... 1.500,000
4.915.600
166,700 1,444,900 4.653.600
717,000
First National....
500,000 5.481.400
716.400 1,114,203
6,056,300
414,100
Third National... 1,000,000
4.431.600
638,000 1,279,700 5.479.100
100,500
N. Y.Nat.Exch..
300,000
1.162.900
35.500
207.700
826.500
269,700
Tenth National...
500,000
1.234.100
13,000
108.200
4911.900
446,200
Bowery National.
250,000
1.125.400
240,000
2,500
868,300
224,000
New York County
200,0 0
1.145.100
309.500 1,109,000
180,000
German American 1,000,000
2,096,400
76,200
348,000 1.735.600
Loans
Penna. 5s, g’d, lnt.,reg. or cp
38,000
7,500
9.093,500
2.537.700
1.984.500
Schuylkill Nav. 1st m.6s, ’97.
STATE AND OITT BONDS.
$
8,035,000
4.351.100
6.379.300
4.829.800
2.885.800
6.955.200
2,422,000
4.497.200
1.639.200
620,800
4,i8,8tX)
PHILADELPHIA.
tion.
bridge appr., g. 6s ■
rGncwftij rOiuj
gold, w,j
renewal,
6s.+
sewer, g. 6s, ’9:-2-3.+
St. Loals Co. new park,g.6a.+
do
cur. 7s
+
St. L.& San F. RR. bds, ser’s A
do B
do
do
do
do
do C
t And Interest.
103
98
98
93
93
98
98
'71*
10O*
115
100*
98
97
38*
98
THE CHRONICLE
428
[VOL. XXV.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Rn.iJ.rnnA Rt.nr.ltJi
Bid. Ask.
aiOUUTUIB.
State Bonds.
Alabama 5s, 1883.
do
66,1886.
do
86.1886
do
86,1888
do
86, M. A E. RR..
8b, Ala. A Ch.K.
$s
39
39
39
-
T»T
*
t
t»
*
i
rvrtninun
an n
Bid.
Joliet A Chicago, 1st m
La. A Mo., 1st m., guar
do
do
**•
vlO
30
Arkansas 6b, funded
4
do 7s, L. R. A Ft. 8. Ibb
4
do »s Memphis A L.R.
4
do 7e,L.K.P.B. AN.O
4
do 7b, Miss. O. A R. R.
do 7b, Ark. Cent. RR...
107
'
Connecticut 6b—
90
98
Georgia 6b
107J*
do
7a,new bonds....
do
7b, endorsed. ... 105
do
7s, gold bonds... K5
Illinois 6a. coupon, 1879... 101k 103•
War loan..
ioik
do
•
•
•
•
nan A.
Ask.
110
111%
do
Ex A Nov., *17, coup,
equip’t bonds,
consol, m. 7s 111
5s sluk’g f*d. A. AO. b9
do
t
9
•
•
....
Chic., Rk. Isl. A Pac.. 1st m. 7s 107% 107%
do
8. F. Inc. 6s, ’95 105k 105k
do
107%
6s, 1917, coupon. 107
do
do
2d mort
con.
$5
'78
convert...
do
■jg%
*
bds., 88,4th series
Rome Watertown A Og. lstm.
St.
L. A I. Mt. (Ark. Br.) 7b, g.
91%
75k St. L. A San F., 2d m., class A.
63
93
ttf
.
♦ « *
tt.#
-
m
9
....
*103%
....
.
.
.
•
•
4
9
•
105
....
....
•
‘
...»
....
•
4
•
•
•
•
•
•
...
.
•
....
•
-
• •
•
4 4
•
.
•
4
4
4
•
•
<
•
•
•
..
....
•
•
•
•
•
.
105$
f
...
.
.
....
,
113
103k
108
108
1U8
111
111
96
96
109
110
100
110
114
105
111
113
....
444
•
*
#t
t
•
*
•
* *
•
•
•
....
-
-
»
t
-
-
4
.....
*
„
...
.
....
....
....
•
•
....
...
•
•
4
4
4
..
....
....
..
....
....
...
.
•
•
•
•
....
....
_____
....
...
....
...
Suincy A Warsaw 8s
....
.
►
..
....
'«*§
..
.
.
*
♦ *
.
• • •
.
...
.
•
,
....
....
....
....
....
....
....
...
.
•
.
44.4
....
....
.
t
.
.
.
.
.
.
.
_
.
....
•
•
•
4
....
lib*R*%
....
....
•
4
4
4
444
....
,
.
.
.
.
....
•
•
•
....
....
...
4
.
....
....
•
*
*
•
35
99
iio
....
'•**
*8*
110k!
H0k;
60*
103
101
55
28
’25
50
45
70*
12
*85*
78
103
37
70
82
50
97
85
45
87
-
4
«
r
r
r
97
*
r
i
•
> •
....
...
.
*
*
*
.
*
*
*
•
•
4
*
«
•
-
*
*
*
4
4
4
r
r
«
*
...
*
*
*
*
*
*
*
*
•
Jg*
*
m
*
•*
*
*
*
*
*
*
*
*
*
**
‘
*
*
*
*
..
.
...
•
|
•
•
•
•
.
.
•
44k
55
11
70
83k
30
8
6
6
80
'25
0
88
08
90
60
18
22*
26k
5
05
Z*
34
28
....
....
•
....
II
99
*65
45
01
59
59
35
40*
SO
35
(Brokers' Quotations.)
STATES.
Alabama
do
do
new
consols, Class A
do
Class B
Class C
do
Georgia 6s, 1878-’86
39k
41
71
70
39k 40k
97k 99
60
South Carolina new consol. 6s.
63
Texas 6s, 1892
M.&S. 09
100
110
do
112
7s, gold, 1892-1910. J.AJ.
do 7s, gold, 1904
J.AJ. 111k 113
do 6s, gold, 1907
J.AJ.
do 10s, pension, 1894.. J.AJ. 103)6 105
CITIES.
Atlanta, Ga., 7s
do
do
8s
waterworks
Augusta, Ga., 7s* bonds
Charleston stock 6s
Charleston. S. C., 7s, F. L. bds.
do
do
bonds A A B
end., M. A C. RR
do
do
8s
...
(coups, on).
6s, funded
Montgomery 8s
do
do
do
Norfolk 68
.
85
95
01
86
66
80
50
65
94
75
80
33
33
81
31k
20
20
39
30
70
70
45
50
80
77k
36 •
39
•
•••
80
60
03
07
102
52
52
80
90
7
25
8
50
90
95
;oo
40
40
60
RAILROADS.
Georgia RR. 7s
do
stock....
Greenville A Col. 7s, 1st mort.
do
7s. guar
Macon A Augusta bonds..
do
2d endorsed.
do
* stock
75k 78
40
29
08
45
70
1*0*2*
75
75
91k
35
105
75
40
do
do
6
27
93
81
Montgomery A West P. 1st 8s. *23
Mont. A Euiaula 1st 8s, g., end
Mobile A Ohio sterling 8s
do
do ex cert. 6s
39
39
29
do
8s, interest
do
2d mort. 8s
N. Orleans A Jacks. 1st m.8s. 102
90
Certificate, 2d mortg. 8s
Nashville Chat. A St.L. 7s.... 82
Nashville A Decatur, 1st 7s.... 91
Norfolk A Petersburg 1st m. 8s 86
do
do Ts 85
do
2d m. 8s 75
Northeastern, S. C., 1st m. 8s.. 102
do
2d m. 8s.. 80
Orange A Alexandria, lsts, 6s. 85
68
do
2ds,6s..
do
3ds,8s... 38
do
4ths,8s.. 20
Rlchm’d A Petersb’g 1st m. 7s. ICO
90
Rich. Fre’ksb’g A Poto. 6s
do
do mort. 7s
Rich. A Danv. 1st consol. 6s...
Southwest RR., Ga ,conv.7s,’86
S. Carolina RR. 1st m. 6a
do
78, 1902..
do
7s, non mort..
stock
do
Savannah A Char. 1st M. 7s....
Charleston A Savan’h 6s, end
West Alabama 2d m. 8s, guar..
do
lstm. 8b
PAST DUE COUPONS.
Tennessee State coupons......
South Carolina consol
Virginia coupons
do
consol, coup
MemDhls City Coupons
Price nomtnsl
40
ICO
48
73
103
85
85
Sf*
108
80
99
42
*8*8
Memphis A Charleston 1st 7s.. *83*
70
•
70*
30k
railroad, 6s
wharf irnp’ts, 7-30
Ala. A Chatt. 1st m. 8s, end
Ala. A Chalt. Kec’ver’s Cert’s.
Atlantic A Gulf, consol
do
end. Savan’h.
do
stock
do
do
guar...
Carolina Central 1st m. 6s, g...
Central Georgia consol, m. 7s.
do
stock
Charlotte Col. A A. 1st M. 7s..
do
do
stock
Cheraw A Darlington 8s
EastTenn.A Georgia 6s
Ea6l Tenn. A Va. 6s end. Tenn
E. Tenn. Va. A Ga. 1st m. 7s...
do
do
stock
,
88
97
93
90
68
83
m
consol. 6s
....
.
73
93
Southern Securities.
..
98%
•
62
64
51
30
25
74 k 75
25
85
'95
10O
40
50
64
97
90
38
'84k
88
92k
'••
sink. fund...
do
South. Cent, of N. Y. 7s, guar.
Southern Minn. 1st mort. 8s..,
do
7s. 1st
So. Pac. of Cal., 1st *‘A” 6s, g..
Tol. Can. So. A Det. 1st 7s, g.
Union A Logansport 7s
Union Pacific, So. branch, 6s,g
West Wisconsin 7s, gold
Wisconsin Cent., 1st, 7s
2d 7s...
stock..
Memphis A Little Rock 1st m.
Mississippi Central 1st m 7s...
62k !
do
2d m. os
70
71
16
City A Pacific 6s..
Side, L. 1., 1st m. bonds.
20 |
Petersburg6s
101k Richmond 6s
50 j Savennah
7s, old
101k1
do
7s, new
20
Wilm’ton, N.C., 6s, gold ) coup
30
do
8s, gold) on.
6
**75
15**
90
Sioux
South
Nashville 6s, old
ioik
do
6s, new
ioik New Orleans prem. 5s
Ill
>
Sandusky Mans. A Newark 7s.
60k Mobile 5s (coups, on)
60
'30*
20
98
25
60
25
20
79
95
91
class B.
class C.
South Pacific Railroad, 1st m
St.L. A So’easteru 1st 7s, gold.
St. Louis Vandalia A T. H. 1st.
do
2d, guar •65
71
....
-
.
do
do
H2k Columbia, S. C., 6s
H2k Columbus, Ga.,7s,bonds......
112k Lynchburg 6s...;
112k Macon bonds, 7s.
04
Memphis bonds C
00
■
....
do
do
*
..
.
....
.
110k
iio
....
....
f
le *
....
do
6s, 1917, regist’d 107
*112
Central of N. J., 1st m., new... 111
do
1st consol
68k 60
do
64
65
do
do
con. conv
Quincy A Toledo. 1st m.. ’90..
do ex mat. A Nov.,’77,con.
Lehigh A Wilkes B. con.guar 3?
33k
52
Am. Dock A Improve, bonds
Illinois A So. Iowa, 1st mort
115
Ch. MILA St. P. 1st m. 8s, P.D. ii*4
do
ex coupon
do
do
2d m. 7 3-10, do
Han. A Cent. Missouri, istm 75
97k 99
98
Pekin Llnc’ln A Dec’t’r.lst m
do
do
1st 7s, gd.,K.D. 97
do
do
1st 7s £
Western Union Tel., 1900,coup
do
do
do
1st m.f La C. D. 103% !03%
do
do
reg.... 103)*
95
do
do
l8tm.,I.AM.D. 94
do
do
lstm.,I. AD.. 91
Miscellaneous List.
do
do
1st m., H. A D. 92
Kentucky 6b
(Brokers' Quotations.)
53
do
do
lstm., C. AM.. 100%
Louisiana 6r.
CITIES.
53
do
1st m., consol.. 91%
do
do
68, new
90
Albany, N. Y., 6s, long
110
do
do
2d m
do
6b, floating debt 53
Buffalo Water, long
t HO
Chic. A N. Western sink. fund. 108% 110
do '
7b, Penitentiary 53
Chicago 6s, long dates,
..t 101
53
do
do
int. bonds. 103
do
6s, levee
do
78, sewerage
...+ 107
58
do
do
consol, bds 106
106%
do
8b, do
do
7s,
water
t 107
do
do
ext’n bds..
do
8b, do 1675 .... 53
do
7s, river improvem’t t 107
25
5
do
1st mort... 107% 108
do
do
8b, of 1910
Cleveland 7s, long
..+ 107)*
do
do
do
cp.gld.bds. 93 % 03% Detroit Water
7s, consolidated 853* 86%
Works 7s
t 109
b3
do
do
92%
reg. do
do
7b, small
t 95
i Iowa Midland, 1st mort. 8s... 80 100 Elizabeth City, 1880-95
Michigan 6s, 1873-79
do
1885-93
t
94
105
Galena A Chicago Extended. 107
do
6s, 1883
Hartford
6s,
various
106
Peninsula 1st mort.,conv...
do
7s, 1890
Indianapolis 7-30s
t 105
101
Chic. A Milwaukee, 1st mort 107
Missouri 6s, due 1877..
Long Island City
... .t
97
Winona A St. Peters, 1st m... 85% 00
do
do
1878
ioik
Newark City 7s long
t 109
76
108
do
2d mort.
Funding, due 1894-5... . 106
do
Water
7s, long...1 111)*
C. C. C. A Ind’s 1st m. 7s, S. F.. 107%
Long bondB, due ’32-’90. 106% 107
Oswego 7s
do
consol, m. bonds
103
106%
Asylum or Un.,due 1892.
ic'5
Water..
t 109
105
Poughkeepsie
Del. Lack. A Western, 2d m...
Han. & St. Jos., due 1886.
Rochester C. Water bds., 1303t 111
100
105
do
do
7s, conv.
do
do 1837.
Toledo 8s. 1877-’89
t 109
114
115
Morris A Essex, 1st. m
New York State—
Toledo 7-30s.
103
104
do
2d
mort
6s, Canal Loan, 1877...
Yonkers
Water,
108
due
1903
do
bonds, 1900....
6b,
do
1878...
72
RAILROADS.
do
construction.
6s, gold, reg.. ..1887
Atchison A Nebraska, 3 p. c...
do
7s, of 1871... 9d
Is, do coup ..1887
Atchison A P. Peak, 6s, gold..
30
do
1st con. guar.
Is, do loan. ..1883
Del. A Hudson Canal, 1st m.,’8^ 98
98k Boston A N. Y. Air Line. 1st m 97
do ..1891
6s, do
do
do
189! 100% ioik Hur. C. R. A N. (Mil.) g. 7s.... 23
do
1892
Is, do
Bur. A Mo. Rlv., land in. 7s.. .t
)
9
0
1
do
do coup. 7s, 1894 06k 97
do ..1893
Is, do
do
’
3d S., do 8s...f
*)0
1
1
do
do
reg. 7,1894
do
109
isk
4thS.,do8s...t U0j*
17%
AU)flpy A Pusq. 1 fit. honrisT..
6b, old. J. A J
do
5thS..do8s...t HO)-®
95k
do
2d
do
17)* 18k
do
A. & O
do
6th S., do 8s...t 110)2
do
3d
do
N.C.RR
J.AJ.... 70
Cairo A Fulton, 1st 7s, gold... 62)*
do
1st. cons. <?liar
do
..A.& O.... 70
87
California
Pac.
RR., 7s. gold
Rees. A Saratoga, 1st coup.. 111%
do coup, off, J. & J.. 51
do
6s, 2am. g. 69
do
Istrezlst/d. 112
do
do off, A. & O. 51
Canada Southern, 1st m. coup. 60
10
110
6
Funding act, 1866
do
with Int. certlfs
8
do
do
endorsed
do
1868
103
Central Pacific, 7s, gold, conv. 104
6
8% do 2d mort., 7s, 1879.
New bonds, J. A J
of
Iowa
Central
lstm. 7s, gold. 37
6
do
3d
do
104% 105
do
A. A O
7s, 1883
7
do
4th do
101/4 101% Cheeapeake A 0.2d m., gold 7s
1%
7s, 1830
Special tax, Class 1
>•
Keokuk A St. Paul 8s
^ A 101
1
do
104k
5th do
Class i
do
7s, 1888
°
+ 101
1
do
do
Carthage A Bur. 8s
a
Class 3
7s, cons., mort., g’d bds..
104
Dixon Peoria A Han. 8s.
do Long Dock bonds
108% 109
Ohio 6s, 1881
O?o3t
O. O. A Fox R. Valley 8s z. 3t 11U
ioo Ill
Buff. N. Y. & E, 1st. m., 1877... 102k
do 6s, 1886
^
taj.
109K
100
do
do
102k
large bds.
Rhode Island Os
... u o
llnols Grand Trunk....
do
do
new bds, 1916 107% 107%
South Carolina—
Dub.
A
Minn.
8s
Chic.
83
40
&
Han.
St.
82k
6s
Jo., 8s, conv. mort.
100 J*
Peoria A Hannibal R.
35
30
Illinois Central—
Jan. A July
t
30
Chicago A Iowa R. 8s8s. S3
Dubuque
& Sioux City,lstm. 102
April A Oct
101
American Central 8s.... o t
105
30
do
do
2d dlv. 102
Funding act, 1866
18
90
40
Chicago Clinton A Dub s
Cedar F. & Minn., 1st mort..
Land C., 1389, J. A J
Chic. A Can. South 1st m. g. 7s. 30
15
22
40
Land C., 1889, A. A O....
Indlanap. Bl. A W., 1st mort..'.
4
" Ch. D. A V., I. dlv., lstm. g.7s.
cO
do
do
2d mort...
7b of 1888
Chic. Danv. & Vincen’s 7s, gld 45
1
Lake Shore—
Non-fundable bonds
Chic & Mich. L. Sh. 1st ^‘s. ’89. •t65
Mich S. & N.Ind.. S.F., 7 p.c. 108
Tennessee 6s, old
43% 44
!09
90
Clilc. A S’thwestern 7s, guar..
do
Cleve. & Tol. sinking fund.
43k
68, new
Cin.
44
do
new bonds.... !03%
Lafayette A Chic., 1st m.. 50
do
k
6s, new series.. 43%
Col. A Hock V. 1st 7s, 30 years, 101
Cleve. P’ville & Ash., old bds 104k 105
Virginia—
107
do
1st 7s, 10 years, 100
31
do
do
new bds
6s, old
do
2d 7s, 20 years.. 90
107
31
Buffalo & Erie, new bonds... 106
6b, new bonds, 1S66
54
105
Connecticut Valley ts
Buffalo & State Line 7s
6b,
do
1867.. ... 31
20
Connecticut Western 1st7s....
i Kalamazoo & W. Pigeon, 1st
72)*
6s, consol, bonds
1U5
Dan.
Urb.
Bl.
A
P.
1st
m.
61
Det.
Mon.
& Tol.,lst 7s, 1906.
7e, g. 23
6b, ex matured coup. ..
Denver Pac., 1st m.7s, ld.gr.,g. 45
42
Lake Shore Div. bonds
106%
68, consol., 2d series
6
do
Cons. coup.. 1st. 10U%T09k Denver A lilo Grande 7s, gold. 40
5%
6s, deferred bonds
do
Cons, reg., 1st.. !07% 107k Des Moines A Ft. Dodge 1st 7s.
District of Columbia 3.65s. 74k 74%
74
do
small.,
do
Cons, coup.,2d.. 07
98k Detroit A Bay City 8s, end... *t *65
8
Dutchess A Columbia 7s......
do
do
Cons, reg.,2d.... 97%
registered 74%
98
Erie A Pittsburgh let 7s
Marietta & Cin. 1st mort
Railroad Stocks.
80
do
con. m.,7s..
Mich. Cent., consol. 7s, 1902... 104
H5k
(Activeprevi'xisly quot'd.)
111
do
do
1st m. 8s. ;882, s.f. 110
7s, equip...
Albany A Susquehanna... 09
100
^
Evansville A Crawfordev., 7s. ,•
do
equipment bonds.
Central Pacific
85
Evansville Hen. A Nashv. 7s... 30
50
New Jersey Southern lstm. 7s 19
78k b0
Chicago A Alton
do
do
consol.
7s
Evansville, T. H. A Chic. 7s. g. •50
103
do
104
pref
103
Flint A Pere M. 8s,Land grant. *78
105
N. Y. Central 6s, 1883
Cleve. Col. Cin. A I
41% 42
do
6s, 1887
107k Fort W., Jackson A Sag. 8s, *89
Oleve. A Pittsburg, guar.. 78
78^
Grand R.A Ind. 1st 7s, l.g., gu. 92
do
68, real estate... 101
Col. Chic. A I Cent
4
3k
do
1st Is, 1. g.,notgu. 82
do
6s, subscription. 101
60
Dubuque A Sioux City. .
42
do
120 *
1st ex l.g. 7s.
do A Hudson, 1st m., coup 119
Erie pref
Grand River Valley 8s, 1st m.. ‘t85
120
do
do
lstm., reg.. 117
Indlanap. Cin. A Laf
Hudson R. 7s, 2d m., s.f., 1885 112% 113% Houston A Gt. North. 1st 7s, g. 68
Joliet A Chicago
Hous. A Texas C. 1st 7s. gold.. 83
Harlem, 1st mort. 7s,coup... 115
Long Island
do
consol, bds..
do
do
7s, reg
Louisville A Nashville....
North Missouri, 1st mort
ioik lC3k Indlanapoll A St. Louis {1st 7s
Missouri Kansas A Texas.
Ohio A Miss., consol, sink. fd. 93% 94% Indlanap. A Vlncen. 1st7s, gr.. 68
New Jersey Southern
1%
do
consolidated.... 93
94% International <.Texas) Istg.... 09
New York Elevated RlL.
25
Int. H. A G. N. conv. 8s
54
do
2d do
N. Y. New Haven A Hart.
Iowa Falls A Sioux C. 1st 7s... t80
do
l st Spring, dlv^
Ohio A Mississippi, pref
Jackson
Lans.
A
Pacific
Railroads—
Pitts. Ft. W. A Cn., guar.. 89% 90
Sag. Ss,lst m
Kal. Allegan. A G. It. 8s, gr...
Central Pacific gold bonds.. 106%
do
do
special.
do San Joaquin branch 85
Kalamazoo A South H. 8s, gr.t »t70
Rensselaer A Saratoga. .. 98
100
87
do Cal. A Oregon 1st
Kansas City A Cameron 10s.. -f 93
Rome Watertown A Og.
107
Kansas Pac. 7s,g.,ext. MAN,’99 43
do State Aid bonds
8t. Louis Alton A T. H
do
Land
Grant
do 7s, g., I’d gr.,JAJ,’80 50
bonds..
do
do
pref.
9
do 7s, g.,
Western Pacific bonds.
BellevllleA So. Ill.,pref.
ioi%
do MAS,*86
do 6s, gold, J.AD., 1896
Union Pacific, 1st mort. b’ds 106% 106%
66|*
St. L. I. M. A Southern....
9
do
Land grants, 7s. 103%
do 6s, do F.A A., 1895. 82
St.L. K. C. A North’n.pref
do
do 7s, Leaven, br., ’96.. 25
Terre Haute A Ind’polls
Sinking fund... 94% 95
97
5
do Incomes, No. 11
Pacific R. of Mo., 1st mort...
Toledo Peoria A Warsaw.
97k
4
do
90
2d
do
do
mort
No. 16
United N. J. B. A C
112* iie
do
3
do
Stock
Warren
Income, 7s.
do
1st Caron’t £
Keokuk A Des Moines 1st 7s... 60
Penn. RR—
do
funded Int. Ss
miscel’ons Stocks.
Pitts. Ft. W. A Chic., lstm.. 118
Lake Sup. A Miss, let 7s, gold. 15*
Am. District Telegraph...
24
112
do
do
20
Leav.
Law.
A
1st m., 10s..
2dm..
Gal.
Canton Coy Baltimore.... 20
25
do
do
Sdm.. 101
Logans. Craw. A S. W. 8s, gld.
Cent.N. J.Land A 1m. Co. id
80
Cleve. A Pitts., consol., s.f.. 108
111
Long Island RR., 1st mort.
American Coal
4th mort.... 106
uo
108
Louisv. A Nashv. cons. m. 7s.
Consolldat’n Coal of Md..
38
Col. Chic. A Ind. C., 1st mort
39
do
2dm., 7s, g.. 87
Mariposa L. A M. Co
do
do
2d mort
Michigan Air Line 8s
«+ 80
do
do
pref.
Rome Watert’n A Og., con. 1st 46k
Montclair A G. L.ist 7s
Cumberland Coal A Iron.
St. L. A Iron Mountain, 1st m. 99k 99k
do 2d ra. Vs
Maryland Coal....
do
do
2d m.. 53 1
Mo. K.A Tex. 1st 7s, g., l904-’06 52
125
Pennsylvania Coal
St.
Alton
T.
L.
A
H.—
do
20
2d m. income...
Bpring Mountain Coal....
Alton A T. H., 1st mort
108
24
N. J. Midland 1st 7s, gold.
Railroad Bonds.
do
2d mort., pref.. 84
do
2
2d
7s
84%
(Stock Exchange Prices )
do
2d mort. inc’me
N. Y. Elevated RR., 1st m
67
Bolton H. A Erie, 1st m.. 11
12
Belleville A S. Ill.R. 1st m. 8s 89*
6%
do
12
guar.
do
13% Tol. Peoria A Warsaw, E. D... 90
2d 7s, conv.
k
Bur. C. R A North., 1st 5s.. 58k 60
do
do
W. D.. 89
do recelv’s ctfs.(labor) 28
CMsa. A Ohio 6b, 1st m.,. 29 |
do
do Bur. Dlv. 30 .
do
do
24
(other)
do
ex coup
20
do
do 2d mort.. 27
30
Chicago A Alton 1st mort.
1 110
do
do consol.7s 26
+ And accrued lnt3"ett.
80
do
income.
*
1
Tol. A Wabash, 1st m. extend.
••
Price nominal.
*
Bid. At*.
North. Pac. 1st m. gld. 7 3-10s..
87
Omaha A Southwestern RR. 8b
73)* Oswego A Rome 7b, guar
79
Peoria Pekin A J. 1st mort....
68
Peoria A Rock 1.7s, gold
Port Huron A L. M. fa, g. end.
52k Pullman Palace Car Co. stock.
53
do Ex. Nov.,’18,A prev’s 34
Great Western, 1st m., 1888.. 107
do
ex coupon ..
do
2d mort., ’93, 75
do Ex A Nov. ,’17,coup . 63
r
Bxcmsmxs.
~94 ~ ~95'
iBtm.St.L. dlv.
ex-matured coup.
•
nat r.p.n.t. m.Um
Bid. Ask.
8IOUBITIK8.
do
do
do
t
•
113*
J*rirAM rMvrtMnt th*
Tol. A Wabash, ex coupon.
• •• •
80
St.L.JacklA Chlc.Tlstm......
Chic. Bur. A Q. 8 p. c., 1st m...
20
20
22
8a of 1892
8b of 1893
mmfjA
■KCUBITIK8.
30k
.
nr*
84
72
7
35
06
84
35
42
42
S3
10
104
05
83
95
85
00
74
48
30
95k
72
06
87
35
75
100
02
42
82
20
20
00
90
25
25
90
100
85
50
30
82
30
45
84
35
THE CHRONICLE
3,1877.]
NOVEMBER
429
NEW YORK LOCAL SECURITIES.
Bank Stock Llat.
'
Capital
companies*
at
National
CU
America*.....
It
Amount
■
Brewers’ * Gro’s
>Broadway .
Boll’s Head*..
Batchers & Drov
Central
-
1100
Chase
•
25
Chatham.......
Chemical
Citizens’
City
100
25
100
100
100
Commerce
Commercial*..
iOO
100
Continental
Corn Exchange*,
gastRiver .......
Eleventh Ward*.
Fifth
....
Fifth Avenue*...
25
25
100
100
100
first
Fulton
Gallatin
• • •
D
♦ *
^1876
Last Paid.
9
7
12
July 2,77...4
Nov l,*77.. 2
July 2. *77.. 6
100
40,800 F.&A.
P
00
4’,OOC May.
Ger. Exchange*..
J
100
8“
53, t00 May.
Germania*
25
3
Greenwich*
13,600 M.&N. 100
•
Grand Central'... 25
2,000
40
Grocers*
53,600 J. & J. 10
(
100
Hanover
4
157,000 J.&J.
100
4
Harlem*
12,500 M.&S.
1,701.300 J. & J. 14
Import. & Traders 100
50
122.100 J. & J. 10
Irving
50
Island City*
15,800
Leather Manuf... 100
451,400 J. & j. 12
50
Manhattan*
10
1,147,400 F.&A
Manui. & Merch*. 60
9,400 J. & J.
7
Marine
100
69,100 J. & J. 10
Market
10C
s
298,600 J. & J.
Mechanics
25
897,900 J. & J. 10
50
91.100 M.&N.
Mech.BkgAsso.
6
Mechanics & Trad. 25
322 200 M.&N. 10
100
Mercantile
196,300 M.&N.
8
Merchants
50
888/00 r. & J.
8
Merchants’ Ex
50 1,000.000
233,700 , r. & j.
8
100
Metropolis*
35.900 [. & j.
500,000
7k
100 3,000.000
Metropolitan
899,40.) r. & j. 10
100
Murray Hill*
200,000
5,600 \.& 0.
8
Nassau*.
too 1,000,000
70,100 M.&N.
8
New York..
100 3.000.000
698.600 [.&J. 10
New York County 100
93.00) r.& J. i 14
200,000
N.Y.Nat.Exch... 100
77,700
300,000
7k
Ninth
100 1,500,000
37,9W r. & j.
4
North America*... 100 1,000,000
62,P00 r. & J.
8
North River*
50
80,600 i.&j.
400,000
Oriental*
25
300,000 145,0i0 r.& J. 12
Pacific*
50
422.700 227,300 Q-F.
12
Park
100 2,000,000
472/00 f.&J. 12
Peoples*
25
412,500 '162/00 f. & J. 10
•
•
•
.
.
,
.
•
20
171.100 r. & j.
1,000.000
250,000
1,500,000'
8t.' Nicholas
1.000,0001
8eventh Ward...
300,000
Second
100
300,000
Shoe and Leather. 100-J 1,000,000'
.
Sixth
State olN.Y
Tenth
Third
100
100
100
100
00
100
100
100
40
50
Tradesmen’s
Union
West Side*
,
.
200.000
,
800,000
f,00,000
1,000,000’
1,000,00
1,500,000
.
•
,
3
UJ
10
.
...»
....
....
....
....
....
127
130*'
....
•
•..
....
....
•
3
...
150
70* ‘ 72k
Feb.1,’74...3
May 11, *77..6
May 2, ’77...6
May 1, ’77..4
6
7
....
.
...
....
•
•
....
V
•;.i
....
8
3
••«
....
93
Nov 1,’77...d 115
Oct. 10,*77.3 k
7k
••«
Jan. 2, ’77...8
100
July 2,’77.3k 98k
Men. 1, ’75..4
^03
July 2, ‘77... 7
luly 2, *77.. .4
July 2, ’77.3k
July 2. '77...6
Aug.10,*77. .4 135
....
ii
10
•
•
•
•
*
•
•
•
....
•
....
,,,,
12
9
•
•
k,.
....
....
•
9J
Julyl,’75..3k
•
Jan. 3, ’76...5
5
8
10
3
9
S
8
8
July 2, ’77.3k
luly 2, ’77...4
May 1,’77.2 k
] 'Jov l.TT.Sk
2 sTov 1, ’77..3
.
an. 1/77...4
3k k t.ug. 1, *77. .4
6
an. 2, ’77.. 3
.j uly 5,’77 ..3
7
July 1,’74.3k
12
uly 2, ’77...5
•
•
•
•
•
.
....
c
*j
12
10
10
J 'fov 1.
uly 2/77...8
uly 2/77...5
J ruly 2,’77...3
•
•
8i
f
....
,
.
.....
,
Hi
16
...
....
....
.
.
55
a
..
....
....
....
...
....
107k
....
....
....
....
«.
02
....
....
i\.ug.6.’77.. .3
...
90
85
....
Uig.l3,772X
a
2/77...3
fuly 2. '77...5
uly 2, ’77...5
illy 2, ’77...3
] ^oviO.’77 3k
.
.
.
an.
.
...
t
,,4
....
* t
....
-
.
....
8
10
9
.
...
121
65
20
an.2 ’74.2kg
fuly 2/77.. 3
uly 2/77...4
.
T
-
.
.
2'Tov 1, ’77.. .4
.
....
l)
3
3
)
»
i
*|
Dividends.
100
40
100
100
3(
50
17
10
10
100
too
100
50
50
25
100
100
15
50
50
100
25
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
V
F
F
G
G
G
G
G
G
o
H
H
H
H
II
H
Ir
Ir
J<
K
K
L
L<
M
M
M
M
M
M
M
N
N
N
N
N
N
N
77,195 10
5,245
5
10,451
•
10
10
20
5
20
30
17
20
17
10
10
13
10
30
10
:o
:o
10
13
10
10
-
10
172,151
12,207
....
5
5
13;376
8k
+735,290
20
10
510,165
lU.UOa
200,000
6,078
200,010
133,145 10
200,000
155,156 10
204,000
103,464 5
150,000
16/53
150,000
96,000 10
20T.0C0
1,946
5
10
none
200,000
10
4
1,000,000
651,837
10
500,000
691,800 10
135,012 tan 15
200,000
200,000
317,689 23 50
200,000
11,484
10
200,000
57,663
150,000
142,297 20 20
!0
500,000
509,394 10
10
1115,686
200,000
10
3,000,000 1,002.784
10
150,000
40,293
500,000
188,366 7k 10
15
200,000
109,118 5
7
200,000
61,099 7
10
200,010 +117,568 10
10
20
204,836
150,000
280,000
65,593 20 20
10
159,503 10
150,000
10
132,772
200,000
73.175 io
10
150,000
13
200,000
+157,018 15
110.327
10
300,000
7
....
....
•
•.
200.000
250,000
200,000
150,000
200,000
200,000
200,000
185,468
293,659
315.907
182,034
65/15
5
191,0(2
7
20
20
200,000
200,000
none
200,000
22.630
500.000
500,391
(>
350,000
200,000
200,000
132,714
410.076
2
20
8
:o
50
25
25
100
139.085
20
50
50
*
10
10
20
10
100
100
200,000
200,000
210,000
*
20
(8
9*8P
-
19
10
12
•
•
.
a
.
.
17
10
10
12
30
2)
20
20
15 '
5
.0
.0
.0
LI
20
LU
.0
2
:o
20
20
8
0
.
.
Brooklyn Gas Light Co
Citizens’Gas
do
Co
25
(Bklyn)
certificates.....
Harlem
20
50
100
Manhattan
Metropolitan
do
Mutual, N.
certificates
bonds
Y
100J
50
Jersey City & Hoboken
do
2,000,000
1.200,000
20
..
var
'
too)
100
loot1
•.
Yar.
.Yar.
320.000 A.& O.
1,850,000 F.& A.
386,000 J.& J.
4,000,000 J. & J.
2,500,000 N1.& S.
1.000,WO M. & S.
500,000 J.& J.
5,0W,( 0)
Kate,
Date.
5
July 2, ’77
4
Bid.
Jan.,
’77
3k Oct. 1/77.
3k Ang.1,’77.
5
July 1, ’77
5
Nov 1, ’77
5
June, '77.
3 k June, ’?7.
3k
Quar.
..
•
...
...
165
79
9393
169
19.)
130
1(1!)
100
90
100
76
95
123
175
65
HO
Si
til
\02
50
..
..
Aug’77.7*l‘
July. ’77. .P
July, 77. .5
Jan., 77..5
July, 77.10
210
185
150
53
65
70
140
July,’77
Jan., 77
118
iis
•• ••
120
60
118
110
65
117
no
ft
ttt
180
300
80
133
92
150
.
July, 77. 5
Tuly, 77. -R
122
July, 77..5
July, 77..5
July/77...6
July, 77..6
July, *77..5
Sent.,77..5
H2
107
85
-
*
July. 77.1(-
149
100
June/77..8
July, '77.10
July, 77..6
July, 77.10
-
102
85
ISO
130
163
OO
S5
150
140
(0
14U
140
05
170
^
®
July, 77..5
July,
Oct.,
July,
July.
95
! 50
*
r.o
ISO
135
Aug ,77..7
10
10
12
30
20
29
20
20
8V<
!0
92
140
130
105
155
# *
170
77..5
77.IP
77..5
77..5
77.10
’H..5
77..6
July, 77.10
July, 77.10
July, ’77.10
July, 77. .5
July, ’77.10
25
16
20
20
105
90
116
io
i
117
195
150
5ft
so
115
119
240
iio
’77..6
77..5
-
77. It
77.1C
T
t
fl
•
2:5
120
ISO
...
*
-
.....
*
-
•
-
ttr..r
M
132k
,
•
.
,
Interest.
125*
45
93
85
95
75
60
115
S9
37*
121
102
72
75
67k
70
+
...
City Securities.
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
Rate.
n
N>.w York:
Water stock
1841-63.
do
1854-57.
Croton water stock. .1845-51.
do
do
..1852-60.
Croton Aqued’ct stock.1865.
do
do
..1853-65.
5
6
5
6
6
7
6
5
6
1870.
7
1675.
6
6
7
6
7
»
pipes and mains...
repervoir bonds
Central Paik bonds. .1853-57.
do
ao
Dock bonds
do
Floating debt stock
Market stock
1860.
1865-68.
Improvement stock.... 1869
do
ao
....1869.
Consolidated bonds
Street Imp. stock'
do
do
var.
var.
var.
New Consolidated
Westchester County...
6 g.
6
7
5 g.
7
PH loE
BondBdue.
Months
Payable.
Feb., May Aug.& Nov.
do
do
do
do
do
do
do
do
May & November.
Feb.,May Aug.& Nov.
do
do
do
do
May & November.
Feb.,May, Aug.& Nov.
May & November.
do
do
do
do
do
do
do
do
do
do
January & July.
do
do
Bid.
1877-80
1877-79
1890
1883-90
1884-1911
1881-1900
1907-11
1877-98
1877-95
1901
1905
1878
1894-97
1889
1879-90
1901
1888
1879-82
1896
1894
Ask a
102
102
104
105
106
118
107
iw
103
It'S
112
106
100
100
118
106
101k
118
104
105
110
102 k
104 k
109
106
i
100k
107
119
101
102
119
105
117
112
106
108
111
107
[Quotations ny N. !’• bkkks,»ir.. rtroleer, 2)4 wall at.|
~
Brooklyn-Local linpr’em’i
City bonds
do
Park bonds
Water loan bonds
Bridge bonds...
Water loan.
City bonds
Kings Co. bonds
do
•
do
Park bonds
7
7
7
7
7
6
6
7
A
6
January & July,
do
do
do
do
ao
do
do
do
do
do
do
do
May & November.
do
do
January & July.
1878-80
1881-95
1915-24
1903
1915
1902-1905
1881-95
880-83
1880
1924
102
1(5
116
113
116
106
101
no
103
17
106
6
do
do
907-1P10
Bridge
|
•All Brooslyn bonds flat.
[Quotations by C. Zabkiskie. 47 Montgomery St., Jersey City.]
Jersey City—
6 Water loan, long
1895
January & July.
ioik
do
1869-71
7
1899-1902
no
January & Juiy.
7
do
do
1877-79
ICO
Sewerage bonds
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1868-69.
7
7
7
Jan. May, July & Nov.
J ft J.and J & D.
Oauuarv and Julv.
1891
1905
1900
109
no
105
*
225
*.25
125
no
July/77..10
14
30
20
10
20
20
*
200
170
135
July,77.6-3
Oct., 77.1C
July,
July,
July,
July,
July,
July,
July,
50
212
July.’77..1C
July/77..1(
July. 77. .5
10
12
12
10
10
20
10
20
lO
10
20
'0
11
*
190
Aug..77.11
50
Aug., 76. .5
July. 77...5 114
July, 77.15 no
July/77.. 10 125
July, 77.10 275
Jan., 77..5
,
71
57
1C 5
150,000
2'.9,330
200
July,77.10
150,000
122,215 4
July, 77..S
869 3(6
0
,000,000
155
July, *77.10 150
ion
13,291
200,(00
87
Jan.,77 3k
50
io
63,587 5
200,000
95
July, 77. 5
R
KWH 300,000
L!)
+ 70.106 9k i
July, 7?..5
85
R
100
u
200.000
.0
3,270
60
luly, 76 .5
K
100
0
200,000
3
9),991
105
July, 77..5
25
20
200,000
219,133 20
25
130
\ug., 77.10 165
Safeguard
150.550
0
ioaj 200,000
.2k •5 k luly, 77..8 113
St. Nicholas
25
1
0
10
59,560 0
200,000
Vuir., 77. .5f
100
Standard
50
5
6
.1-6
I uly ,’77,6*23 in
200,000
189,250 j
t
Star
100
0
•2 k .0
151.336 I 5
200,000
129
luly, 77.7 k
100
Sterling..
0
77.457 ,1 0
0
200,000
10 * Aug.,’77. .5
100
Stuyvesant
25
.6
20
155,263 |: 3
20 t July ,’77.. S 140 | 160
200,000
25
Tradesmen’s........
0
20 !23 i July, ’77. 8 150 !
192,769 1] 0
150,000
United States
25
4
16 I 16 1. July, 77. .8 145
251,537 114
250,000
155
Westchester
10
0
201.451
10
.0
10
300,000
1 \ug., ’77.5 1(5
i:
112
Williamsburg City. 50
406,550 Il0 ' '1 2
20
20 Uuly, ’77.10 190 1 2CU
250,000
•Over all liabilities, including re-lusarance,
capital and scrip,
t The surplus,
represented by scrip is deducted, and the figures stand as actual
net surplus.
t Continental, 11*45; Standard, 11M.
103
103
93
1(8
eo
lfO
[Quotations by H. L. Grant. Broker, 145 Broadway.]
100
900,wo
*
3
12
lit mo
1000
694,000 J. & j. 7
9J
July, I960
Broadway <£ Seventh Ave—stk
100
J.
&
2,100,000
J. 3k Jan, ’77 x73
1st mortgage........
1000
1,500,000 J.&D. 7 June,1884 100
Brooklyn City—stock
10
2.000,000 Q-F. an May,. "77
190
1st mortgage
1000
.300,000 M.&N. 7 Nov., ’60 104
Broadway (Brooklyn)— stock...
100
3
200,000 Q-J.
160
Apl ’77
Brooklyn dk Hunter's Pt— Btock.
100
400.000 A. & O. 3
Oct , ’76
75
lit mortgage bonds
1000
J.
&
J.
300,000
7
1888
90
Bwhwlck Av. (B’klyn)—stock..
100
500,000
62k
central Pk, N. dk E. River—stk.
100
1,800,000 J. & J.
40
50
Jan., ’77
Consolidated mortgage bonds. 1000 1,200.000 J.&D. iX
7
Dec. ,1902
92 k
l)ry Dock, E. B. dkBaitery-stk.
100
1,200,000 Q-F. 2 Feb., ’77
80
lit mortgage, conk’d
SCO Ac
900.000 J.&D
7
June, ’93 100
Eighth Avenue—Btock
100
J. & J. 6
1,000,000
Jan, ’77 155
1st mortgage
1000
203,000 J. & J. 7
Jan., ’84 100
12d8t. dk Grand St
100
Berry—stock
M.&N. 5
748,000
’77 115
May.
lit mortgage
1000
236,000 A.&O. 7
April, ’93 105
Central Cross Town- stock.
100
600,000
50
lit mortgage
1000
300,000 M.&N. 7 Nov.,i90i
93
96
Houston, West st.dkPav.F'y—sVs..
100
250,COO
12
lit mortgage
500
J. & J. 7
500;t)00
80
July.1894
aeebnd Avenue—stock
100
1,199,500 Q.-F, 2 April, ’77 x70
75
lit mortgage
1000
2^0,000 J.&D. 7
Dec., ’77 MO
8d mortgage
1000
150,000 A.&O. 7
98
April, *e5
1P0
Com. Convertible
1000
770,000 M.&N. 7
95
May, ’83
Extension
500 &C
200,000 A.& O. 7 Oct., ’83
SWAAnenue- stock
100
750,000 M.&N. 5
190
Mayi *77 175
tit
mortgage
1000
415,000 I. & J. 7
July,1890 105
Third Avenue—stock
100
2.000.000 Q-F. 5
160
Aug., ’77 145
1st
mortgage
1000
2 000,000 J. & J. 7
July, 1890 100
Tumly-tMra Street—stock...
100
J & J. 4
Feb
97
600,000
i(>3
*77
lit mortgage
10(0
250,000 M.&N. 7
May. ’93 100
105
*
This column shows la3t dividend on
stocks but the date of maturity of bonds.
..
Jan.,
.
-
.
Aska
*
v* Oct.15,’77,
do
bonds.
1 000,000 f.&a. 3
kg Aug., V2.
Nassau, Brooklyn
25
Yar.
1,000.000
3
Jan., ’77.
do
var
scrip
700,000 M.&N. 3 X Nov i/77.
New York
1U0 4,000,000 M.&N. 5
Nov 1,’77.
People’s (Brooklyn)..;
10 1,000,000 J. & J. 3X
Jan., 76
ao
do
bond*
loec
F.& A. 3k
325,000
do
do
certificates.., var
300,000 J/& J. fik Jan., ’77.
Central of New York
50
456,000 F.& A. 3 k Aug. I,1'77.
Williamsburg
50 1,000,000
Quar, 2k July, ’77.
do
scrip
var 1 000,000 J. & J.
3k •Jan., *77.
Metropolitan, Brooklyn.
1(0 l,noo,cod M. &N. 2k
May20,’7T
Municipal
:..
ICO 1,500,0(0
.
135
July, ’77..?
June,*77. li 1
Feb.,’*77..!
.
10
•20
10
10
10
.
Far Amount. Period
75™
100
150
ICO
July,’77..6
July, ’77..5
July, 77..6
•
Ask<
70
July,77.7k
10
10
30
20
40
10
•20
10
10
10
10
12
12
13
10
20
20
20
10
IQ
16
10
10
14
30
10
10
20
20
20
12
20
20
20
20
0
20
20
.
•
July, ’77.. 1
July, ’77..
July. ’77..
July, *71. .f
Jan., *77. .4
.7
.3
Aug., *77. 5
12
(0
10
10
18
55
10
10
20
10
10
t
30
14
10
20
15
15
10
l2y
•
♦
10
25
15
10
8
10
0
20
10
•20
20
20
20
20
10
10
25
30
14
10
15
•
.
-
10
14
15
10
8
10
10
30
5
20
30
20
20
20
10
10
20
.
+339,009 ion
192,160 uk
50
37 X
85
100
P
P
P
P
K
•
20
20
125.411
229,508
128,169
341,235
2; 0,544
Pi
Pi
•
10
20
108,863
411,956
28,806
816,910
160.326
50
50
N
!0
10
14
10
3*
50,1(6
14
7269,328
40,350
Bid.
•
,
Street, l
Gas Companies.
Price.
1, 1ST8 187 4 187 5 187 S Last Paid
229.251
50
Li
I3i‘*
iuly.lS’74.3k
....
.
,••••
0J
*77...8
,
<
.
•
....
■
....
....
....
.
■
....
....
•
I, ’75. .4
6k Jday 10/77..3
uly2,’77.3k
10
4
•
c
L
b
E
i
E
F
f
15
.
( >Ct.
•
....
uly 2. *77 3k
luly 2,’77...3
3k ran. 3,'76.3k
10
.j fuly 2, *77...5
.
....
....
•
0
)
0
)
100
....
Oct. 1, 77...8 21)0
10
J
]
]
1
(
(
C
....
,
7k July 2, ’77...3
,
,
.
PT.TIft,
1 Jan.
{ 1877.*
120
2ii'-
12
8
6
12
11
8
•
.
Jan. 6. *76...3
7
«
.
....
4
•
.
Aug. 1,17...5 U8
?k July 2, ’77...3
6
July 1, *76...8
10
Oct, l.'77.2k
7
8
6
14
12
5
.
200,000:
80,600) r. & j. 8
9
uly 2. ’77..4
Gas and City Railroad Stocks and
Ronds.
[Gas Quotations by George II. Prentiss. Broker, 30 Broad
100
iNbtbdj
]
t
25
100
50
100
100
20
50
25
100
25
17
20
70
100
30
.
101
102
•
8
10
•16/00
2 8 600 <\&A.
133.‘0C *.&A.
43.900 i. & J.
68.3 W r. & J.
219.SOO r. & j
40.4W r.& J
20 J, !W d.&.N.
17,-00 r. & j.
IP6.900 (.& j.
380.500
& j.
765.300 I.&N.
•
Sept 1, *77.15
July2, ’77...3
Nov. 1, ’77..5 2t0*
July 16,*77..3 125
7
,
.
•
July 2, ’77...4 122*'
•
Par
...
,
10
8
20
,
.
110
U5
July 2, *77...4
July 2, *77.. .4
•
Companies.
|
|
Ask,
.
136
104
10
8
100
-
•
Bid
July 2, *77. .5
Sept.l ’75. .5
* v ♦ ^ •
1,500,’oa
........
•
•
J
*
Produce*
Republic
•
63
•
Ger. American*.
Phenlx,....
•
•
*
Q^j.
100
30
50
Fourth
.
P0 1.666,0«) J.&J
10
>0 l,586,201 M.&N
8
30
&
J.
12
J.
212,001
0
3,900
10 1,180,1C( •J &J. 24
»
83,800 M. & 8. 10
0
10
162,700 j. & j
>C
8
4C8,400 J. & J.
0
0
183,201 J. & J. 10
10 3,197,290 Bl-m’ly 100
T
9
179,800 J. & J.
0 1.574.1 CO Q-F
20
•0 2,620,7)i J. & J.
8
0
IP,IOC' J. & J.
0
8
269/00 J. & j.
0
621.800 F.&A. 10
0
8
67.C0J J. & J.
3
7
llQ 0J J. & J.
?
61,t(X) Q-J.
7k
J
128.000
0
736.700
Vi
D
8
8',9,300 J. & J.
P
457,200 M.&N. 10
)
8
6G1,;00 A.& O.
too
100
100
100
25
10
25
American Exch
Perioc 1875
Cft o8
1
Price.
Capital.
*
*
Insurance Stock Lift.
Dividends.
CO
•*-* 0*
ft
Marked thus (*)
are sot
P <U
1C6
109
113
113
118
103
1C8
112
'09
111
109
102k
111
111
no
in
106
430
THE
J
n
CHRONICLE
branches of the Western road had not
been made as
contemplated
by the contract between this company and the Georgia Railroad
Company, and the board regret to be obliged to say that this
matter is yet in abeyance, in
consequence of inaction on the part
of the Georgia Railroad Company.”
vestments
AND
STATE, CITY AND CORPORATION FINANCES.
The “ Investors’ Supplement” is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office,
as
only
a
subscribers.
[VOL. XXV.
sufficient number is printed to supply regular
A settlement has been made with the Mobile &
Girard Com¬
the Central accepting 4 per cent bonds, secured by a new
mortgage on the Mobile & Girard Road, in exchange for the
matured obligations of that company which it held. It is
believed
that the road will be able to pay the reduced interest from
pany,
earn¬
ings and to keep up its condition.
After referring to Mr. Virgil Powers’ continued
service as
ANNUAL REPORTS.
General Commissioner of the Southern
Railway & Steamship
Association, the report says : ,J While the board are not insensi¬
Central of Georgia.
ble to the imperfections of the Association, it is believed to
have
substantial advantages, and should be continued, not
(For the year ending August 31, 1877.)
only in the
The following is from the President’s report, in advance of the interest of railways, but of the public. It is certainly not to the
interest of any State or community to destroy an interest
publication of the usual pamphlet copies. The road worked which
upon
its prosperity so largely depends, as do the industries of
remains the same as in the previous year, as follows :
the country upon railroad transportation, and it is certain
that
Central Railroad:
Miles.
these facilities cannot be permanently enjoyed unless the roads
Savannah Division, Savannah, Ga., to Macom
192 0
Augusta Branch (leased), Millen to Augusta
53*0
yield a revenue equal to their maintenance and a reasonable profit
Eatenton Branch, Gordon to Eatenton
SS'O
upon the capital necessary for their construction.
This, it is
Atlanta Division, Macon to Atlanta
102*5
believed, every dispassionate person will be willing to concede,
886*5
and beyond such an income, it should be the
Southwestern Railroad :
duty of railway
Macon, Ga., to Eufaula, Ala
143*0
managers to offer just and equitable reductions for the transporta¬
Muscogee Branch, Fort Valley to Columbus
71*0
tion of freight and travel.
This end can only be reached by
Fort Gaines Branch, Cuthbert to Fort Gaines
30 0
concert
of action and the most perfect good faith between com¬
Albany Branch, Smithville to Albany
23*5
Blakely Extension, Albany to Arlington.
85*5
peting roads, and the association of which Mr. Powers is Gen¬
Perry Branch, Fort Valley to Perry
12*5
eral Commissioner appears to offer the best means to
accomplish
305*5
•
.
Upson County Railroad, Barnesville to Thomaston
15*5
Boston &
Total worked
are
with the Augusta & Eatonton
classed together as the Savannah Division, 284
miles in all. The road owned is 333*5 miles. The
company owns
also a half interest in the Western Railroad of
Alabama, the
other half being owned by the Georgia Railroad
Company ; con¬
trolling interests in the Vicksburg & Brunswick road, from Eu¬
faula to Clayton, 13 miles, and the Mobile & Girard
road, from
Columbus, Ga.,to Troy, Ala., 85 miles, and a large interest in
the Ocean Steamship Company of Savannah.
The earnings of the various lines for the
year were as follows :
Gross earning8:
Central Railroad, Savannah Div....
Central Railroad, Atlanta Div
Southwestern Railroad
Upson County Railroad
earnings
Expenses:
Central Railroad, Savannah Div
...
Upson County Railroad
Total expenses
earnings:
Central Railroad, Savannah Div...
Central Railroad. Atlanta Div
Southwestern Railroad
Total net earniDgs
Central Ra lroad Ban*
Bank expenses
Bank net
Net
earniDgs
revenue
1875-76.
$1,384,891
Passengers carried
Tons freight carried
Average
rate
per passenger per
*•
“
“
“
“
“
The
ton per
“
mile
mile, through
“
local
all freight
earnings for the year
were as
1S76-77.
1875-76.
5,293,351
2,691,657
2 31 cts.
0 85 ct«.
5*5*8,851
2.541,274
2*37 cts.
0*96 cts.
2*21 Cts.
1*94 cts.
1*16 cts.
follows:
Passenger department
Freight department
Miscellaneous...
1876-77.
1875-76.
$2,682,124
8,773,319
$2,6:6,692
3,886,18*
561,934
306,705
560,112
$7,074,758
648,056
$2,601,543
Central Railroad, Atlanta Div
Southwestern Railroad
Upson County Railroad
1876-77.
The
with the railroad commissioners:
4,682,994
8,482
Total
Net
Albany.
(For the year ending Sept, 30, 1877.)
following figures are published from the report to be filed
708*5
The Savannah Division proper,
branches,
the desired result.”
Net
earnings.
$2,167,102
$2,391,764
The mail earnings this year are included under passenger
department, while in last year’s statement they were given with
miscellaneous earnings.
The equipment now consists of 243 engines, 244 passenger
train cars and 5,037 freight cars, rated as eight-wheeled. This is
$1,618,000 an increase of 4 engines and 221 freight cars. During the year, 9
miles of new sidings and 20 iron bridges were built.
$792,708
337,501
478,684
9,106
$592,183
222,610
169,871
♦624
$983,541
fi* KM
1 7 VAfi
A
If Iwv
68,424
$1,621,965
♦Deficit.
The
falling off in earnings on the Savannah Division is due
chiefly to the yellow fever epidemic in Savannah
; that on the
Atlanta Division to the
unusually large amount of grain and
meat raised in Georgia,
reducing the shipments from the north¬
west.
The increase in expenses on the Savannah
Division
resulted from the fire in the Savannah cotton
yard last Novem¬
Worcester & Nashua Railroad.
(For the year ending September 30, 1877).
The annual report to Massachusetts State Commissioners will
show the following:
,
Cost of road
$2,021,546
Cost of equipment
390,086
Cost of viaduct
Total cost of road and equipment
114,933
$2,516,565
ASSETS.
Cash
$36,493
Bills receivable..
Nashua & Rochester Railroad stock
1,025
475,300
Sundry accounts
Iron and other materials
Total
25,517
62,145
690,481
...^
Total assets
$3,117,047
.
ber, from the unusually heavy renewals of rails,
chiefly in steel,
and from the necessity of
making considerable repairs to the
shops. The decrease in expenses on the other divisions was due
to the closest economy in
management.
The report says : “ A report of the Ocean
Steamship Company
is published herewith as an
appendix, aud it is gratifying to
notice a considerably better result than for the
previous year,
notwithstanding a loss by chartering ships during the epidemic,
and increased repairs upon two of the
ships rendered necessary
in consequence of having encountered severe
gales. A reduction
in the price of coal has enabled the
ships to run at much less
cost, but this may not continue. It will be noticed that two new
ships are being built, and by the terms of the contract are to be
delivered, one on the 15th, and the other on the 25th instant, but
for full particulars in
regard to them, as well as other matters
connected with the operations of that
company, you are respect¬
fully referred to the report.
“The Western Railroad of Alabama has been
managed, as for
the previous year, by General E. P.
Alexander, and while his
report has not been published, the result is known,
and, in com¬
mon with most other
roads, shows a decrease in earnings. As
compared with the previous year, the decrease has been
$23,860,
while its expenses have been reduced
$9,814, leaving the net
$14,046 less than for the twelve months ending 31st of
August,
1876.
The board are somewhat disappointed in the result of
operations on that road, as it was hoped that it would have been
able to nearly, if not quite, meet its
obligations for interest.” * *
It was stated in our last
report that the partition of the two
.
“
CAPITAL STOCK AND INDEBTEDNESS.
Capital stock
$1,789,800
Bonds payable
1,000,COO
Notes
payable
Unpaid dividends ...;
Unpaid interest warrants
Total of capital
Balance to credit of
99,618
2,068
4,713
stock and debt
profit and loss
$2,896,184
...
220,S62
$3417,047
Indebtedness
Indebtedness
over
over
assets, Sept. 30, 1876
acsets, Sept. 30, 1877
$571,963
515,902
Decrease in liabilities in 1877
$56,061
INCOME.
From
From
From
From
From
From
passengers
$196,959
freight
service
United States mails
rent of property
dividends on Nashua & Rochester Railroad stock
279,279
9,013
11,981
car
Total income.
..
5,784
25,860
$528,888
DIB St RSBMENTS.
Expenses of operating road
Paid interest on bonds
Paid interest on notes
Paid rent of Nashua A Rochester Railroad
$339,979
66,500
L00®
116,724
/
$524401
Balance to credit of profit and loss
4,588
The earnings and expenses of the Nashua
road are embraced in the foregoing statement.
of the Nashua & Rochester Railroad the
$18,345 in
excess
of 1876.
& Rochester Rail¬
The net earnings
past year have been
NOVEMBER
BONDS DEPOSITED" TO
general investment news.
Youngstown & Pittsburg.—The first mart gage
Ashtabula Youngstown & Pittsburg Railroad
S held a meeting in Philadelphia, Oct. 26, for the purpose
Ashtabula
,
trShniders
481
THE CHRONICLE.
3, 1877.J
First mortgage consolidated
Second mortgage consolidated
Gold convertible
SCTH
SEPTEMBER.
$15,081,000
10,*59.000
'
5,670,000*
of the
if
$31,861,000
Assessment
paid on 872,475 shares, amounting to £298,265 13s. 6d.
be deemed proper to protect their
The large amount of first mortgage consolidated bonds now
The meeting was called by a majority placed in the control of the trustees under the reconstruction
taking such action as might
interests in the property.
“
bondholders, and there was a fair attendance. No report scheme, insures the power to foreclose on the railroad, which will
proceedings was given out.
compel the holders of inferior securities to assent to the terms of
fentral of Iowa.—Mr. J. M. Fisher, the commissioner ap¬ the scheme. Some factious opposition may still be looked for,
pointed by the United States Circuit Court, has been visiting but the courts will not pay much attention to such opponents,
New England and New York, for the purpose of obtaining the when so large a preponderance of all interests have united in a
assent of bondholders to the plan of reorganization which they desire for a reconstruction designed to accomplish what is an
may prefer out of the three submitted to the Court.
It is stated essential necessity for this road to meet its rivals on equal
that only one bondholder has yet approved the Hatch plan ; hold¬ terms—viz., a double track throughout, and a third or narrow
of the
of the
$400,000 have voted for the Cowdrey plan, while
$2,000,000 have been voted in favor of that presented by
the New York and Boston committee.
ers
of about
over
Central Vermont.—The Vermont Supreme Court, on October
decision on the petition of the Central Vermont Com¬
pany for leave to sell the Vermont Central and the Vermont &
Canada roads as trustee, and to buy them as a corporation. The
court states, in conclusion, that the prayer of the petitioner for leave
to sell the roads is denied on the ground that no power rests in
the court to order such sale on the present form of application
The court also decides that the decree of 1864 changed the char
acter of the receivership from that established by the decree o: ’
1861 to a receivership constituted under an agreement of al
parties, and whatever has been done under the various decrees
of the Chancery Court since that date is held as having been
done with the consent and approbation of the parties themselves
and all the parties were in subjection to it.
30 gave its
•
Chicago Milwaukee & St.
Paul.—The Tribunt published
yeBterday what purported to be the contents of a long complaint
of one Walter C. Woolley and other stockholders of the La
Crosse and Milwaukee Railway Company, in a suit about to be
instituted against the Chicago Milwaukee & St. Paul Railway
guage rail.
“
Foreclosure will
compel the holders of shares to pay the
relinquish their interest in the new company to be
formed, receiving only any balance of money due and accruing
to them by the result of the sale, and the payment of the assess¬
ment and funding of coupons will provide the funds to make the
assessment or
double track and third rail. We cannot understand how any
holder of bonds or shares can stand out a moment in face of the
ascertained results above indicated, and the holders of all securi¬
ties should at once fall into the reconstruction scheme, so as to
enable a prompt foreclosure to be effected, and the road be
relieved from the control of the courts and placed in the hands
of its responsible officers.
As foreclosure will extinguish the old
all rninous contracts and burdensome guarantees will
necessity be cancelled, and the new company will start with¬
out any liabilities other than it may be profitable to assume.
It
is essential, in view of the business and traffic likely to result
from the recent harvest, to get the road at once in a position to
carry the increased traffic on the most economical terms; and the
sooner a permanent settlement is arrived at, the sooner we may
expect an improvement in the value of all the securities of the
company.”
company,
of
ACTUAL AND ESTIMATED TRAFFIC FOR
Company and the companies through which it has come to its
title of the old La Crosse road. The complaint gives a history
1876
of the litigations of these roads from 1852. The points touching
the validity of the title of the Milwaukee & St. Paul Company
to the La Crosse road, some sixteen in number, have long ago
October.
November
December
$872,307
1,002,405
287,933
1,396,866
1,157,416
Net earn’ga.
$775,578
394,461
174,483
11,041
1,041,672
857,844
1,052,713
March
1,234,095
929,066
975,905
869,889
373,569
401,864
305,029
256,258
171,316
$12,253,237
1,200,000
1,460,000
$9,203,182
$3,045,055
950,000
1,000,000
250,000
400,000'
$14,853,237
$11,158,182
879,016
June
July
Actual
Estimated—August
September
....
*1
181,4*6
797,145
April
May
leased lines and
1876-77.
Expense?.
February
Supreme Court of the United States in as
many suits.
The complaint was not served on the attorneys of
the defendants. In the street it was supposed that some one,
Walker said that if the road was worth $10,000 a year, it was
worth more, and he was in favor of waiting to see if some better
offer was not made. Judge Williams was willing to allow a few
-
1877—January
been decided in the
probably a bear, and possibly Mr. Gould, was short of St. Paul,
and haa therefore caused proceedings to be begun, hoping to
catch some unfledged operator. As it was, the effect upon the
market was not perceptible. Mr. F. N. Bangs, the counsel of
Chicago and Milwaukee, who has defended its title from the
first, said yesterday : “ About once in six months or so we hear
some one is going to bring a suit against us, then the
next and
last we hear of it is through the papers.”—N. Y. World.
Chicago & Southern.—'This road is in the hands of a Receiver.
Major Rust, President of the American Bridge Company, offered
to take the road for a year, put it in good repair, and run it for
the net earnings. Mr. J. B. Brown, a contractor and judgment
creditor for some $40,000, offered to take a lease of the road, put
it in repair, and run it, paying $10,000 a year rent.
Mr. Edwin
Earnings.
$1,647,885
j
$3,695,055
tundry charges.
INTEREST
REQUIREMENTS ON TOTAL FUNDED DEBT.
Amount
and 1st consol, mort. $30,000,030
7 per cent.
All prior mortgages
Gold bonds
Second consolidated
"
mortgage
10,000,000
do
15,000,000
do
required.
$2,100,000
700,001
1.050,000
$3,850,000
These interest payments
will be modified under the recon¬
struction scheme, the first mortgage consolidated bonds only
taking half-year’s coupons for three years, of which one coupon
has been paid this year, and the gold bonds and second consoli¬
dated mortgage funding all coupons for five years, the amount
retained and the assessment on preference and ordinary shares
being available for capital outlay in improving the line, the
company giving bonds for the amounts retained, to be repaid as
provided in the scheme of reconstruction.
days for counsel to examine into the matter, and postponed the
case until Monday.
Cincinnati Sandusky & Cleveland.—The annual meeting of
stockholders has been postponed to January next. A resolution
was adopted at an informal meeting of stockholders at
Sandusky,
The ascertained and estimated net results of the year now
last week, stating that the financial embarrassments and deranged
just
closed prove conclusively that the road has a capacity to
condition of the affairs of the company prevented the directors
earn the interest on the first consolidated bonds, and a consider¬
from submitting their annual report.
able snm towards the interest on the second consolidated and
Connecticut & Passumpsic.—The Southeastern Railway has gold bonds. It is to be borne in mind that the road is now, and
taken out an action against the Connecticut & Passumpsic Railway has been for some time, worked without
any material addition to
fdr $200,000 for damage, and annulment of lease.
its capital outlay represented by the Receiver’s certificates, which,
Danville Hazleton & Wilkesbarre.—A suit in equity has for a line of its magnitude, is a fact of considerable importance,
been brought in a Pennsylvania court against the Danville
contrasting very favorably with tie continual additions to capital
Hazleton & Wilkesbarre Railroad Company, the Pennsylvania account on every
English line of equal mileage.”
Railroad Company, and others. The suit is instituted on behalf
Franklin County (Mo.) Bonds.—The Missouri Republican
of mortgage bondholders and stockholders of the D. H. & W.
says of these securities: “ The Franklin county bond case has
Company. The Philadelphia Ledger says that from some dis¬ at last reached a stage that must yield results of one kind or
putes as to advances covenanted by the Pennsylvania Railroad another. In June last the county was sued, and judgment obtained’
Company to purchase coupons of the bonds of the D. H. & W. against it, for $146,742 interest on certain * Budd & Decker Bonds/
Railroad this suit is brought, and, further, to stay, if possible, and $1,525 additional costs. Execution for this issued and was
the joining of the bondholders in an
agreement to sell the pres- duly served on the treasurer, who answered that he had no money
«ent seven per cent D. H. & W. bonds, and take in
exchange to pay with. Thereupon the U. S. Court in this city was asked
forty-five per cent of their par in new five per cent D. H. & W. to make an order on the county court for a special levy of taxes
Railroad bonds and fifty per cent of income bonds, the whole to satisfy the judgment—and this the court did on the 25th. The
amounting to $3,350,000, in lieu of $1,400,000, the present county court is ordered to make the levy, or show cause at the
bonded indebtedness.
The proceedings in equity are mainly to next term of the Court why it has not done so. The
iudgment is
hold the Pennsylvania Railroad Company to what is claimed to :'or
unpaid
interest
on the county’s bonds, and it amounts, with
be its present liabilities.
the costs, to $148,267.
The county valuation is $4,816,000 ; so
Erie.—Satterthwaite’s London Circular of Oct. 10 qaotes the that it will require a special tax of nearly .32 cents on the $100Ito
fallowing statement of rolling stock, &c., from Receiver Jewett’s pay the judgment, in addition to the State tax (40 cents), and the
egular county tax (80 cents); making the total tax $1 52jon the
470 Emigrant cars
43 Flat cars
871
$100. This is not excessive, and might be borne; but it would
6 Express cars
14 Gondola cars.
..1,593
!]
“
-
A
.
.
4
Steam barge
Cat floats
..
...
raseenger
ca»*s.
<“£gagecars......„
1
5
15
221
52
„
Postal cars
8
Milk cars
38
Hox freight cars.... 3,59d
Box stock cars
460
81at car<
348
Oil tank cars
295
The circular also has the
.
following:
Coal cars
Caboose cars.
Gravel
and
8,946
231
damp
cars
Boarditg
cars
Der’ck and tool cars.
29
the bonded indebtedness of the county untouched.
This
with unpaid interest, to about $400,000. Efforts are
)eing made to compromise it at three-quarters, or 75 cents on the
< ollar, but the process is slow and little
progress has been made
in it, as many of the bondholders are averse to the basis of the
eave
amounts,
proposed settlement.”
*1
432
THE
CHRONICLE
Hannibal & St. Joseph.—The Supreme Court of Missouri, on
October 27, granted an appeal in the Hannibal & St. Joseph Rail¬
road case. Subsequently the Board of Directors held a meeting
and accepted the resignation of President Richardson.
VicePresident Acker will act in his place until the annual election
next month.
The Board also passed a resolution restoring the
old employes of the road to the positions they held before the
appointment of the Receiver. The committee representing the
stockholders, through their attorneys, submitted their case in
the Supreme Court on an
of manifest error in the
appeal and supersedeas, on the ground
previous proceedings and the judgment
appointing a Receiver. After consideration of the case, the Court
decided that the case was appealable, that there was an error,
and an order removing the Receiver and restoring the property of
the company and its officers was at once issued.
The directors rt-port the receipt of numerous proxies for the
election next month, and hope to elect a board that will be satis¬
factory. It is tolerably plain, however, that the outside public,
and also the stockholder of average information, are not satisfied
with this Hannibal & St. Joseph."* There is something about it
which excites suspicion.
There is a tendency to press questions
as tb the present
floating debt of the company, of every sort and
character ; as to the real condition of the road and rolling stock,
which are reported by some parties to be very bad : and as to the
earnings and expenses of the company during the past five years,
when no annual reports have been issued,
it is claimed by some
well-informed railroad men that the opening of new roads since
1871 has damaged the Hannibal & St. Joseph beyond the pos¬
sibility of recovery—at least recovery sufficient to pay its annual
interest charges.
These reports may not be true, but there is no
chance to refute them or to make any defense of a corporation
that gives no full reports to its stockholders.
Possibly the $160,000 loan, as an isolated transaction, is not of great importance,
but the whole affairs of the corporation seem to be in such a
'doubtful condition as to present a fair case for a searching inves¬
tigation.
It was hardly to be supposed that a
judge would place a cor¬
poration in the iiands of a Receiver without at least having some
substantial allegations presented to justify it, and so far as Judge
Broadus went into the facts of the case, we quote from
liis
opinion as follows:
One of the principal grounds shown for the
appointment of a
Receiver in this case is the insolvency of the corporation, which,
I think, has been sufficiently shown by the evidence.
But this
fact, of itself, will not warrant such action upon the part of the
IVol. xxvV;
of October 27 an item was
quoted from the Jackson (Miss \
Tribune and Sun to the effect that the sale of the
Mississippi Cen
tral RR. Co. had been enjoined. No
resposibnility was assumed
for the statement which was
distinctly credited to the journal
named. The officers of the Illinois Central in this
city inform ur
that the statement is quite
incorrect, and that, on the contrary
the sale of the road made on the 23d
August last has just been
confirmed by Judge Hill, of the United States
Court, at Jackson
Mississippi. The deed for the property has accordingly been deliv
ered to the Purchasing Committee for
record, and a company will
be promptly organized to own the
road,’subject, of course, to the
old
liens thereon.
It is intended to consolidate this
with the other now in possession of the railroad from company
Canton to
New Orleans, and that this consolidated line is to be
operated in
close connection with that of the Illinois Central
Company so as
to make one substantial line from
Chicago to New Orleans. There
had been some opposition to the order of confirmation of
the sale
in
Mississippi by parties who had adverse interests to promote
anticipated that the Court in Tennessee will follow that
Mississippi, and that the sale will be confirmed in the latt«r
but it is
in
State also.
Kent
trustees,
County.—The sale of this road under foreclosure
on February 15 last, has been confirmed.
to the
Lake and Canal Rates.—The Railroad Gazette says: A
reduc¬
tion iu lake and canal rates has been made since the
rail rates
were advanced October 17, just at the season when
water
rates
expected to be most firm and likely to advance. Within
three weeks the lake rate has fallen from 6t o 3£ cents a
bushel for
wheat from Chicago to Buffalo ; and, though the canal rate
held
firm until a week ago, it is now (October 30) down to
9| cents
for wheat from Buffalo to New York,
against 12 cents a weeka»o
and for a few weeks previous.
During the first half of October it cost about 19 cents to send
a bushel of wheat from
Chicago or Milwaukee to New York bv
lake and canal, and the rail rate was 21 cents. Now the rail
rate
is 24 cents and the lake and canal rate about
14£ cents. Such a
difference in favor of the water rate will be
likely to limit rail
shipments, but that effect is not apparent in the returns made so
far, which, however, do not come down later than Oct. 20. They
do not, however, affect the movement on the trunk
lines
from the lakes or Pittsburgh to the Atlantic, as
they are able to
meet the canal rates. Indeed, the canal rate has been
higher than
the trunk lines' proportion of the
through rail rate until very
recently. The New York Central, for instance, got about 11 cents
a bushel for
carrying a bushel of wheat from Buffalo to New
courts, but it is contended that the indebtedness of the defendant York if it was
shipped through by rail from Chicago, when the
is yearly and. daily.increasing. and such is the case as
appears canal boats were getting 12 cents, and before October 17 it
from the testimony.
Since the institution of this suit the sum of about 9| cents, though for a little while the canal boats had got
then
$250,000 has been added to the indebtedness. It may be said been getting 12 cents.
fall the trunk lines have been able
This
that the testimony shows the liability of the defendant to be not
to carry with profit at canal rates, and it was
comparatively a
less than $20,000,000, and it is contended by the
plaintiff’s coun¬ matter of indifference to them whether the grain was delivered
sel that there are many millions more.
As it was agreed that to them from the West at Buffalo on *Erie, by lake or
by rail.
the valuation of the defendant’s
made by If the Erie or the New York Central had any difficulty in
property
as
get¬
its officers
to
the
State Board of
Equalization should ting full employment for their rolling stock, they could novs
be considered as
evidence, but
not
having been pro¬ enter the market at Buffalo in competition-with the canal boats
duced, I have availed
myself of the journal of the for the grain arriving by sail, and make money at less than cur¬
State Board of Equalization for the year 1876, made for the
In fact, they take little grain except that
year rent canal rates.
1875, in which the entire property is valued at $7,800,000. Thus
arriving
by
own propeller lines, having about all the
their
it will be seen that the lowest estimated liabilities of the defend¬
freight they can handle with the cars at their command without
ant exceed nearly three times the entire value of the
property of taking grain from the boats, which also are now fully employed.
the company. The question
naturally presents itself to the mind, Canal shipments to New York are not likely to be made at Buf¬
if the defendant is so greatly in debt,
why continue adding to falo more than fifteen or twenty days longer, as the canal is
this indebtedness until the interest of every stockholder will be
likely to close before they could get through. Grain arrivals at
sunk in an ocean of indebtedness? Is this
increasing indebted¬ the Northwestern markets have been comparatively light for a
ness necessary ?
A table of earnings and expenses from 1872 to week or two past, owing
largely to the bad condition of the
January 1, 1877, shows that the earnings of the road each and roads, and it is quite
possible that when navigation closes those
every year were largely in excess of the expenses, and for the markets and Buffalo also will be
comparatively bare of grain;
year 1876 the net earnings were $612,577.
An examination of at least, recently, shipments have been considerably greater than
the tables will show that their expenses for the five
years men¬
receipts at many important places.
tioned ranged from $1,392,655 to
$2,065,577 annually. In the
Lehigh Coal and Navigation Company.—The Lehigh Coal
year 1871 the total earnings of the road were $2,236,427, during
& Navigation Company of Pennsylvania are
negotiating for the
which year the company issued stock from which it realized
settlement of a debenture loan for $762,000, due lOtli December
$2,200,000, making a total of $4,436,427.
next.
A conference between the finance committee of the com¬
are
“
“
-
The evidence shows that from this time
on
the road and the
and a number of the bondholders has been held, at which
rolling stock of. the company have been suffered to get out of pany
it was proposed by the latter to accept one-third of the amount in
repair, and so continued until within a short time ago, when the consolidated 7
per cent bonds of the company at par, the remain¬
present management undertook to repair the road and the rolling
two-thirds to be payable in equal instalments in two, three,
stock, and have accomplished much in that direction. What¬ ing
four and five years, and to be secured by the
mortgage of real
ever may be said of the
present and past management, one of two estate and
personal property in trust to a nominal value of double
things is quite evident as to both. First, that there has been an the amount of the debt: Holders of over
one-fourth of the loan
incapacity to carry on the business of the company or a misap¬ have
assented, and if; is understood the proposition is
already
propriation of its funds or gross mismanagement. Second, that
acceptable to the company.—Baltimoi'e Sun,
the concern cannot, with any kind of
management, keep itself
Long Island Railroads.—A judgment was obtained against
from utter insolvency. I am not satisfied from what has been shown
the Long Island Railroad Company by James
Mulry and Samuel
by the evidence that the latter is true ; and that there has been II. Smith on October
23, 1874, for $56,100. This was reduced by
gross mismanagement in the past, I do not think can be doubted the General
Term of the Supreme Court in 1876 to $55,013,
for a moment; that if the present management is unable to stem
which was subsequently affirmed by the Court of Appeals.
The
the torrent of increasing indebtedness is to be
admitted, what judgment remained, however, unsatisfied, and
Mulry
and
Smith
then is the duty of the court?
The President, Mr. Richardson,
assigned it for $65,610 last July to Paul Liclienstein, who in turn
says that if he could have his own way in the management, he
would pay the interest on the bonded debt and a dividend on the assigned it, October 13, to James Hood Wright, of the firm of
Drexel, Morgan & Co., for $66,621. The judgment was placed by
preferred stock.*’
Mr. Wright in the hands of the Sheriff of Queens County, who
—A dispatch from Quincy, III., October 29.
says: To-day, S. returned it with the indorsement that the
company had no prop¬
McWilliams, Receiver of the Hannibal & St. Joseph Railroad, in
erty in Queens County from which he could satisfy the execution.
pursuance of an order from the Supreme Court of Missouri, turned An
applicatidn was therefore made to Judge Gilbert, of the
the road over to R. S. Stevens, manager of the
company.
Supreme
Court of Kings County,praying for an order to sequestrate
McWilliams and Hendersliott, the latter attorney for L. W. Morse,
the property of the company, and to appoint a Receiver. Judge
had a consultation in this city to-night, but the result was not
Gilbert granted the request October 26, and appointed Colonel
made public.
It is generally understood to night that a new Thomas R.
Sharp, the recently-elected President, Receiver of the
move will be made
by Morse, but of what nature is not known.
road. Colonel Sharp gave a bond in $100,000 and took possession.
Illinois Central—Mississippi Central.—In the Chronicle
Mr. D. H. Olmstead, of the firm of Tracy, Olmstead & Tracy,
noyembeb
i
3,1877.]
THE CHRONICLE,
433
COUI1gel for the plaintiff, stated to
a Tribune reporter that the
same period in
Mr. Wright had nothing to do with the claim of Drexel, $4,332,576, the 1876, the gross earnings show a decrease of
expenses a decrease of $2,806,610, and the net
Morgan & Co. against the company, the two being entirely separ- earnings a decrease of
$1,525,966. All lines west of Pittsburg
ate and that these were not the only judgments remaining unsat¬ show a decrease in
net earnings for nine
months, as compared
isfied against the company.
with 1876, of
$718,371, being $248,460 less than the decrease
Some years ago the members of the Poppenhusen family stood on the 31st of
August.
secured a large amount of the stock of the Long Island Railroad,
At the
the Board of Directors of the
meeting
of
ADd after the death of Oliver Charlick and ex-Mayor Havemeyer, Railroad, it was
Pennsylvania
stated that the
company is now engaged in a very
most of their interest in the railroads of Long Island passed into large and
profitable traffic in freight, but the riots of
the hands of the Poppenhusens. Last year they succeeded in obtain¬ the terrible
July, with
destruction of property that
grew out of them, lay
ing control of the entire railroad system of the island. They the
company under heavy expenses for repairs and new
made proposals to President Henry Havemeyer, and succeeded in stock. It was deemed
rollingexpedient, therefore, to devote the surplus
obtaining the stock controlled by the estates of Havemeyer and funds now
accumulating to placing the company where it stood
Charlick, at a price above the market value. It is asserted that before the riots.
These conclusions were embodied in the
follow¬
the Poppenhusens paid $75 a share for the stock turned over to
ing resolution, which was passed :
them, and subsequently pledged by them with Drexel, Morgan
liesolved, That notwithstanding the fact that the lines of
Go! although it was said to have been purchased from the moving
this company are
a large tratlic and at better rates
than have prevailed
time
during some
Chariick estate for $60 a share. When the transfer became
past, the Board of Directors deem it
inadvisable to declare a dividend
the capital stock at this
known, it resulted in a suit by some of the Havemeyer heirs upon
time,
believing
it
to
be
for
the
best
the shareholders to devote
interests of
the net earnings to the
restoration of the property,
against Henry Havemeyer, and, after some delay in the courts, a including the equipment, irom
the severe loss.es
sustained, directly or* Indi¬
verdict for $70,000 was given in favor of the plaintiffs, which rectly, during the riots of
July, 1877, and to the reduction of the
floating obli¬
judgment is said to remain as a lien still unsatisfied. gations of the company.
The Flushing North Shore & Central Railroad and the Southern
Western Union
Telegraph—Atlantic & Pacillc.—The
Railroad of Long Island, with their leased lines, were leased to World
money article says of the apportionment of
expenses
the Long Island Railroad May 1, 1876.
On the 7th of October between the two
companies: “After the committees had failed to
last Conrad Poppenhusen, the father of the'former President of come to an
agreement., fifteen days ago, the matter was, at the
the Long Island road, obtained judgments in
Long Island City suggestion ot the A. & P. Telegraph
against the Southern Railroad of Long Island for $374,807, and derbilt, and he has decided that the Company, left to Mr. Van¬
A. & P. Company shall
pay
against the Flushing North Shore & Central for $410,090, for 13*144 per cent of the total
expenses
of the two companies. As
The appointment of Colonel Sharp it had already been
mosey loaned, with interest.
agreed that the
should be divided
as President, and subsequently as
Receiver, of the Long Island one-eightli to the A. & P. Companyearnings
and seven-eighths to the
Railroad has been understood to be in the interests of the
large Western Union, the A. & P. at first demanded to be charged with
creditors, among them Drexel, Morgan & Co., who hold about only one-eiglith of the
expenses.
The accounts, however, for the
thirty five thousand shares, hypothecated for a loan of $250,000. twelve-month
ending
with
August
31 showed that the A. & P.
A motion was therefore made for the
appointment of a Receiver Company’s expenses were 13 79
of the total expenses of
per
cent
of the Southern Railroad also.
The judgment of Mr. Conrad the two
concerns, and Mr. Vanderbilt has decided tbe
question
Poppenhusen against the road had been assigned to Clement L. by splitting the difference between
12*50 and 13*79 per cent.
Cumming, and by him to Mr. Wright. • Messrs. Hinsdale & His decision has been
by both companies, aud the tele¬
Sprague appeared for the Southern road, and there being no graph business of theaccepted
two corporations is now
defense or tender of the money,
pooled as fol¬
Judge Gilbert granted the order lows :
and appointed Mr. Sharp and Frederick D.
Tappen Receivers of Western
Earning?. Expenses.
the road, and fixed the bonds of the two sureties at
Union, per cent
$100,000 each. Atlantic &
87'50
8(5*85^
The Long Island Railroad has been a
Pacific, per cent.
12*50
perfectly solvent concern,
13*14>£
and always able to earn the interest on its own
debt, and has
100CO
100 00
only been dragged down by the lease of the other roads.
With earnings and expenses
thus amicably divided, and the
Louisville Cincinnati & Lexington.—An order of
confirma¬ Western Union Company holding a majority of tbe smaller com*
tion has been made in the sale of the short-line
road. According pauy’s stock, Western Union
may cease for a time to be a
to the Courier-Journal's
report, the order states that the
danger to the stock market.”
claim of
of sale filed October 19 is
missioner of the court is
ested, to execute
nati &
a
report
approved and confirmed, and the Com¬
directed, on behalf of all parties inter¬
deed to the purchaser, the Louisville Cincin¬
Lexington Railway Company„
In making the convey¬
ance, the Commissioner shall recite the execution of
the special
covenant of the
purchaser to the city of Louisville, by which it
bound itself to the payment of the one
hundred bonds of $1,000
each; also, the execution of the special covenant to
Joseph Pat¬
terson to pay $7,000,
being the amount unpaid of tbe bonds in¬
cluded in the
mortgage to Guthrie, McKnighfc and Bowle3, of the
Louisville & Frankfort Railroad
Company ; also, the execution
of the special covenant to Norvin
Green, trustee, for the payment
of 3,000 bonds of $1,000
each ; also, the execution of
twenty
purchase bonds of $36,575 each, payable
respectively from three
to
sixty months. The Receiver is continued in his office after he
shall have turned over the
property, for the purpose of collect¬
ing any money due him, defending any suits now
pending
against him, prosecuting auy in which he is now
engaged, set¬
tling his accounts, &c. The action is retained for the
purpose of
enforcing the performance of the covenants, closing
up the
Affairs of the Receiver’s
office, and making a final determination
of this
Williamsport (Pa.) City Bonds.—In
validity of bonds
issued beyond
the
a
suit
amount of
involving the
$200,000, which
the limit fixed
by law, the Court decided that there was an
implied power to issue more, and held the additional bonds
good.
The Supreme Court denied a motion
for a re-hearing, and the
Philadelphia Ledger reports Justice Paxson as saying in his
opinion
that all the
majority decided wras that for the debts of the city
lawfully contracted for objects within its corporate powers and
duties the city had the
power to issue its bonds inpayment, while
the right of the
city to set up a special defense to any of the bonds
not embraced in the suit was
distinctly recognized. Chief Justice
Agnew delivered a dissenting opinion, in which he said that the
opinion proper dealt scantily in facts, and was an elaborate
dis¬
cussion of the
implied power of a mumicipal corporation to issue
bonds beyond the legislative inhibition
contained in the words
“Not exceeding $200,009.”
Any alleged facts we now have were
brought in response to the dissent and to the application for a re¬
argument. Here was an opportunity of
explaining that patent
fact, which no effort can obscure, how $G45,000 of bonds could
be
was
issued either
city
to
under
borrow
or
above
money
action. The court reeerves the
power to resume posses¬
sion of the
property when the purchaser shall make default in
the performance of the
covenants or sale of bonds.
issue bonds therefor,
said bonds for cash, if
New York & Oswego
Midland.—Middletown, N. Y., Oct.
29.-—The foreclosure sale of
the New Y'ork &
Oswego Midland
Railroad has-been again
postponed until Jan. 11,1878.
an
a
law
“not
which
exceeding
authorized
$200,000,
the
and
with six per cent interest,” and “ sell
necessary, at a discount not exceeding two
per cent per annum,” and to justify, if
possible, the action of
those who
interpreted the
annual discount at
cent
two
act which
authorized a cash sale and
cent (equivalent to an eight per
discount of thirty-seven
per cent,
per
loo.n) to mean a cash
& Lake Champlain.—Notice is given that hold¬ reducing thus a bond of one thousand dollars to a receipt of $630
of the
cash, with an interest of $60 annually, or
equipment bonds can exchange them for the new 6
nearly ten per cent on
the cash, for each bond of one
per
cent
thousand dollars, with the addi¬
mortgage bonds, retaining tbeir coupons,
thereby giving tional and unwarranted benefits conferred
them the benefit of the 8
by Council’s releasing
per cent interest until the maturity of them from
the bonds now held
by them, corresponding coupons being de¬ doctrine of taxation. My dissent was aimed at the dangerous
the opinion asserting an unlimited
tached from the new
implied power of
bonds, provided they present them for
creating debt and issuing bonds. One thing I am gratified at—
exchange before the new bonds are all sold. The new
Ogdensburg
ers
issue is
for $600,000,
payable iu twenty years, with G per cent interest.
Of this
issue, $500,000 aro to be used to pay off the equal amount
of equipment
bonds, half of which are due in January, 1878, the
rest in 1879.
The remaining $100,000 are to
pay the
of
recovering the road from the Central Vermont, andexpenses
to provide
new
equipment. The equipment bonds are the
only funded debt
of the
company, so that the new bonds will be a first
on the
mortgage
property.
that the decision itself has been narrowed to tbe
facts now alleged,
itself unsupported to the extent that other¬
wise would have made it more
dangerous than it was, though it
is yet far
beyond the true line of power, iu my judgment, which,
as stated in
my dissent, extends only to giving a bond or other
evidence of an actual debt to an actual
creditor, under the contract
or
employment, and not to the issue and sale of Londs to others
to raise
money to pay debts, unless express authority shall have
been given by law.
leaving tbe doctrine
Pennsylvania Railroad.—The traffic of the Pennsylvania
Justice Woodward also read a
Railroad for the mouth of
dissenting opinion, and the vote
September, and for the nine months of denying a re-hearing of the case "was
this year, as
the same as the vote on the
compared with 1876, is reported as follows : On all original
decision,—four to three.
lines east of
Pittsburg and Erie the traffic for S?ptember of this
United New Jersey.—At a
year, as compared with the same
meeting of the board held recently
month last year, shows a dein Trenton, the
*n ^ie
following resolutions were adopted:
£roes earnings of $863,585, a decrease in
°f
expenses
“Resolved, That careful consideration
$177,627, and a decrease in net earnings of $685,958.
The lately instituted in the courts of New by this board of the proceedings
revenue from Centennial
traffic in September, October and assure the stockholders that in its belief Jersey and Pennsylvania leads it t®
no basis exists for
•November of last year were
any well-founded
apprehension that their rights can be impaired, if
unusually
large.
For
the
nine
properly defended.
months of this
“Resolved,
counsel
of
That
the
this
year, ending September 30, as compared with the
company be instructed to protect the
itnerests aud rights of the stockholders.”
THE CHRONICLE.
434
[▼«. xxv
OOTTON.
3Uie Commercial ®imes.
(Tommercial
Friday, P. M., November 2, 1877.
The Movement op the Crop, as indicated
by
telegrams
to-night, is given below. For the week ending
Friday Night, Noy. 2, 1877.
this evening (Nov. 2), the total receipts have reached 177,33ft
The weather has been etormy the past week, and besides this
bales, against 157,609 bales last week, 135,054 bales the previous
the pending elections have begun to excite some little interest.
From these causes trade has suffered more or less; but the truth week, and 109,264 bales three weeks since, making the total re¬
since the 1st of September, 1877, 732,374 bales, against
is, active fall trade is drawing to an end.
In general results it ceipts
1,009,547
bales for the same period of 1876, showing a decrease
has fallen short of expectations, and yet has not been without
since Sept. 1, 1877, of 277,173 bales.
The details of the receipts
encouraging and satisfactory features. Among these, lower cost for this week
(as per telegraph) and for the corresponding weeks
of production and a more moderate scale of expenses in doing
of five previous years are as follows :
business are conspicuous, because they will be felt even more
effectively and advantageously another year.
1873.
1874.
1875.
1877.
1876.
1872.
Receipts this week at—
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given:
34,950
30,223
48,245
New Orleans
50,098
54,280
34,267
epitome.
1876.
Nov. I.
tea. andbbla.
bbla.
tee
Beef.
Pork
Lard..-.
Tobacco, foreign
Tobacco, domestic
bales.
hhds.
Sugar
*
Sugar
Molasses, foreign
Molasses, domestic
Rosin
Spirits turpentine
2,966
9,000
bbls.
2,648
bales.
bales.
bales.
Manila hemp
was
1,195
bags. 4,250
bbls. and tcs.
1,700
bags. 189,580
bags. 6,100
Jute.
Jute butts
Pork
4,653
400
bbls.
;
Rice, E. I
Rice, domestic
Linseed
Saltpetre
34,709
6,700
7,350
33,500
1,913
112,000
35,841
49,712
6.809
2,804
8,500
125
131,0(0
13,030
5,300
16,300
35,767
*,902
24,046
14,176
28,130
Galveston
.
81,805
35,179
28,879
65,471
22,635
208,742
17,991
35,893
31,188
7,142
660
847
677
358
}” 12,763
2,514
8,159
8,833
5,412
6,354
3,358
163
391
464
528
724
398
7,206
24,953
3,635
7,222
33,108
1,979
5,173
20,337
1,291
3,558
20,958
1,640
1,989
17,091
2,901
1,101
17,190
1,089
177,336
201.901
175,244
148,013
128,472
133,705
732,374 1,009,54?
915,744
800,197
600,847
780,812
162
3,173
'
North Carolina
Norfolk
1....
18,771
j
7,408
2,3‘3
The exports for the week ending this evening reach a total of
5,200 87,881 bales, of which 71,458 were to Great Britain, 12,694 to
410
164,750 France, and 3,729 to rest of the Continent, while the stocks as*
13,700 made up this evening are now 421,198 bales.
Below are the
4.0CO stocks and exports for the week, and also for the corresponding
16.600
30>956
partial “ corner ” on October contracts,
and closes at $14 25(5)14 40 for mess on
for future delivery at $14 for December
and $13 80 for January. Lard has been forced down by free
offerings, and prime western closed to-day at $8 60@8 62£ on
the spot, $8 55@8 57£ for November, and $8 65 for February.
Bacon was fairly active at 8 l-16@8£c. for western long clear for
early arrival, but the close is quiet. Cut meats are irregular.
Beef has been sold at the West for this market to the extent of
about 5,000 bbls. and tcs. at private prices, but understood to be
pretty full figures. Tallow is active at 7£@7£c. for prime. Butter
and cheese have ruled about steady.
The demand for Kentucky tobacco has continued good, and the
sales for the week are 900 hhds.,of which 200 were for consump¬
tion and 700 for export.
Prices are without essential change;
are quoted at 3@6c., and leaf at 7@13c. Trade in seed leaf
has become very dull, owing to the strike of the cigar makers,
and the sales for the week are only 836 cases, including 200 cases
sundries at 4 to 18c.; 200 do., 1876 crop, New England, 9^ to 18c.;
336 do., 1876 crop,Pennsylvania, 11 to 24c. and private terms; and
100 do., 1876 crop, Wisconsin, private terms.
Spanish tobacco, at
some decline, has moved off more freely, and the sales are 600
bales Havana at 73c.@$l 07£.
lugs
moderately fair sales of Brazil coffees, and
quotations remain steady ; fair to prime cargoes Rio, 18£ to 19£c.;
jobbing lots, 15J(5)21£c., gold; mild grades in some demand and
steady. Late sales of 13,302 mats Java, ex sundry vessels, before
arrival; 2,216 do. Singapore, 5,521 do. Maracaibo, 1,288 do. Savanilla, and 236 do. Costa Rica, in lots for consumption. Rice has
declined a trifle, with moderate sales. Molasses rules very firm,
owing to moderate stocks; Cuba 50-test, 40c.; New Orleans gro¬
cery, new crop, 55@65c. Refined sugars dull and rather easy at
lOfc. for standard crushed. Raw grades also are dull and irreg¬
ular ; fair refining Cuba, 8c.; good, 8£c.
There has been a moderate business in ocean freights, though
rates have shown some irregularity and decline.
Late engage¬
ments—Grain to Liverpool, by steam, 9@9^d; bacon 35@42s. 6d.
@47s. 6d.. cheese 50s. ; hopsfd.; grain, by sail, 8^@8^d.; do. to
London, by sail,8id.; flour 2s. 6d.; hops, by steam, ^d.; do. via
Liverpool, fd.. Provisions to Bristol, by steam, 45@55s.
To day, rates were more steady, though business was small;
grain to Liverpool, by steam, 9£d.; bacon 35s.; grain, by sail, 8£d.;
do. to London, by sail, 8£d.; hops, by steam, -£d.
Grain to Hull,
by steam, lid.; do. to Glasgow, by sail, 8|d.; do. to Cork for
orders', 7s. per qr.; do. to LisboD, 17c. gold per bushel; do. to
Genoa or Leghorn, 6s. 7^d. per qr.; petroleum products to Liver¬
pool, 4s.
There has been a pretty good movement in rosins during the
past week, part for speculation ; the close, however, is quiet,
but steady at $1 70@1 80 for common to good strained. Spirits
turpentine has remained steady all through the week at 34c.
until the close, when offerings were made at 33fc. Petroleum
has been excessively dull and daily on the decline ; rcrude, in
bulk, closes at 8ic.; refined, in bbls., 13£c. for November deliv¬
eries.
Steel rails have been more active; during the past week
27,000 tons sold for Eastern, Southern and W estern delivery ;
quoted here at $45@47 per ton. American pig iron is steady,
though rather quiet at the moment. In oils there were sales dur¬
ing the past week at New Bedford of 1,500 bbls., mostly for
export; quoted here at $1 12(5)1 15. Ingot copper was still quite
and unchanged at 17£@17£c. Grass seeds quiet at 8fc. for clover
per lb. and $1 40 for timothy per bush.
There have been
18,089
338
30,398
*
[ndianola, Ac
Tennessee, Ac
1,189
1,800 City Point, Ac
2,000
Total this week
140,600
37,735
Total since Sept.
48,629
14,360
21,167
22,696
Savannah. Ac
Florida
7,708
27,196
17,621
14,707
28,698
Royal, Ac....
week of last
season:
excited by a
but has since receded,
the spot, with sellers
Port
11,914
18,746
1,222
34,993
13,417
12,726
22,079
1,022
29,775
24,452
Mobile
Charleston
25,503
19,275
hhds.
bbls.
No. 31,700
bales. 112,440
bbls. 37,167
Hides
Cotton
328
35,506
18,382
87,379
40,155
33.656
84,578
23,823
310,000
1,713
1877.
Nov. 1.
1877.
Oct. 1.
9,105
7,785
mats. 37,993
hhds. 18,457
boxes. 14,958
bags, etc. 73,907
bhds.
Melado
Tar
4,389
10,996
34,257
bags.
bags.
Coffee, Rio
Coffee, other
Coffee, Java, &c....
Sugar
2,110
9,908
our
from the South
Exported to
Week ending
Great
Nov. 2.
Britain.
New Orleans*....
France
27,763
4,154
2,690
12,953
Mobile
Charleston
Savannah, &c....
Galvestont
•
•
»
Total
Same
Conti¬
this
week
nent.
week.
1876.
•
....
4,655
2,217
•
•
•
•
•
•
•
7,345
16,105
.
935
....
....
9,606
8,739
5,879
317
ports*
9,280
8,739
5,879
Total this week..
71,458
12,691
3,729
87,881
Total since Sept. 1
207,949
23,659
21,302
252,910
New York
Norfolk.
Other
9
•
•
....
•
....
....
•
1877.
1876.
20,657 110,354 169X0
7,841 25,174 51.0C8
36,053
4,154
2,477
5,813
Stock.
5,512
63,200
86,876
12,270
8,886
10,509
63,734
70,974
60,290
65,490
600
4,928
37,920 125,779
2),526 41,221
35,000 31,000
71,203 421,198 642,356
328,327
....
....
*
New Orleans.—Our telegram to-night from New Orleans snows that (besides
above exports; the amount of cotton on shipboard and engaged for shipment a;
that port is as follows:
For Liverpool,14,000 bales; for Havre, 14,500
the Continent, 18,500 bales; for coastwise ports, 300 bales ; which, If deducted from1,
the stock, would leave 63,000 bales, representing the quantity at the landing and In
presses unsold or awaiting orders.
bales: for
t Galveston.—Our Galveston telegram shows (besides above
board at that port, not cleared: For Liverpool, 14,258 bales;
5,085 bales; for coastwise ports, 3,'.93 bales; which, If
exports) on shinfor other foreign,
deducted from the stock,
from Boston,
would leave remaining 37,234 bales.
t The exports this week under the head of “other ports” Include
5,346 bales to Liverpool; from Philadelphia, 533 bales to Liverpool.
foregoing statement it will be seen that, compared"
week of last season, there is an increase
of 16,678 bales, while the stocks to-night
are 221,158 bales less than they were at this time a year ago.
The following is our usual table showing the movement of cotton
at all the ports from Sept. 1 to Oct. 26, the latest mail dates:
From the
with the corresponding
in the exports this week
EXPORTED SINCE SEPT.
receipts
SINCE SEPT.
PORTS.
N. Orleans.
Mobile
Charlest’n*
Savannah..
Galveston*.
New York..
Florida..,..
Great
Britain
1877.
1876.
10S,459
50,863
90,982
122,686
88,287
1,817
183,494
45,3)6
62,432
955
131,277
122,950
118,812
6,963
3,291
30,844
132,620
12,15S
7,035
12,136
9,690
40,556
610
N. Carolina
22,962
Norfolk*
Other ports
64,037
4,335
Tot. this yr.
555,038
..
1.
807,643
Tot. last yr.
-
•
-
•
France
7,075
.
.
.
.
2,810
•
•
•
•
•
•
•
1,080
•
•
.
.
950
6,618
13,245
.
.
.
.
....
Other
forei’n
4,511
•
•
«...
6,8 30
•
.
.
5,762
•
•
•
•••
•
•
....
500
1 TO—
Total.
Coastwise
Ports.
56,892
29,141
955
31,241
9,845
18,935
9,690
47,398
27,793
49,616
36,692
....
610
....
950
6,618
13,745
13,084
40,279
...
Stock
95,752
21,123
53,777
60,363
45,633
36,987
«|M
9,324
19,018
22,000
136,491
10,965
17,573
165,029 228,486
364,21*
171,036
65,574
20,514
257,124
304.377
516,757
-
the head, of
included IW
•
Under the head of Charleston is Included Port Royal, <fcc.: under
Galveston 1s Included Indlanoia, <fcc.; under the head of Norfolk is
Point Ac.
„
do not correspond precisely with the total of
telegraphic figures, because in preparing them it is always
Bec^ssary t.o incorporate everv correction made at. the ports.
SbThe market for cotton on the spot lias been moderately active
These mail returns
the
for home
consumption, but at weakening prices,
quotations hav¬
Monday l-16c., to 11 3 16c. for middling
uplands, and yesterday there was a similar reduction to 11
The actual business reported for export has been light, but there
were comparatively free
shipments on through bills of ladiDg..
To-day, the market was quiet and unchanged. For future de¬
livery the opening was greatly depressed by the unfavorable
ing been reduced
on
November
THE CHRONICLE
3, 1877.]
of trade, not only in cotton goods but in
and there was a rapid decline in the coarse of
general dry roods;
Saturday »?< Monday. There was some recovery on Tuesday,
^niTto advices of excessive rains at the South, and the inter°
ntionto picking which they caused, with possible damage to
the cron
This improvement was well sustained till towards the
The
the state
of
reports
Wednesday’s business, when the political intelligence
Paris and better weather at the South gave a downward
*
13c.
*25c.
following exchanges have been made during the waek:
paid te exch. 100 March for April.
paid to exch. 100 March for May.
The following will show the closing market
future delivery, at the several dates named:
f om
values, which continued throughout the whole of
Thursday aggregating a material decline. To-day, there was
some advance at the opening, but it was soon lost
The total sales for forward delivery for the week are 253,200
including — free on board. For Immediate delivery the total
*
.
to
_
gales1 foot
this week 7,971 bales, including — for export,
7 840 for consumption^ 131 for speculation, and — in transit.
Of the above, 295 bales were to arrive.
The following tables
ehow the official quotations and sales for each day of the past
up
00193..82614 .1
ALABAMA.
UPLANDS.
New Cotton.
N.. ORLEANS.
TEXAS.
Sat. Mon. Sat. Mon.
Sat. Mon.
Oct.27. Oct.29. Oct.27. Oct.29. Oct.27. Oct.29. Oct.27. Oct.*29
Sat. Mon.
9 13-16 10
9 15-16 to
9 13-16
9 15-16
9*
1%
Ordinary -..-.V
10 3-16 !0*
10 5-16 10*
10 8-16 10 *
10 5-16
103%
Strict Ordinary
10*
10
10
9-16 10*
10 9-16
7-16 10*
10 7-16
Oood Ordinary..... 10*
10 11-16 io*
10 13-16 10*
10 13-16 10*
11-16 10*
Strict Good Ordry. 10
10 15-16 10*
tl 1-16 11
11 1-16 11
10 15-16 10*
11 1-16 11
11 3-16 11*
11 3-16 11*
11 1-16 11
ftTcUoTfe 1»*
M?ddllng.....
11 3-16
11 5-16 ■1 *
11 9-16
11)4
11 11-16 r«*
2 3-16
12*
12 13-16
12 13-16 12*
!ii.,
Hli, lit,,
111-1, 12
12 11-16
11*1-16
12
12 11-16
Fair
11 3-16
i!ti,
^
11 7-16
Oood
Strict GoodMlddl g 11X
12
1-16
Middling Fair
12*
12*
Fri.
Fair
New Cottoa.
Middling Fair.
Fair.
10*
10*
10*
LI
11
10*
10*
11
11.
11 8-16
U
11 3-16
11
11 3-16
11*
11*
11*
11 5-16
11 5-16
11 5-16
11
1 *
11 5-16
11*
11*
11 9-16
11*
11*
11*
11 11-lC 11 11-16 11 11-16 11 11-16
11*
12*
12
12
12*
12*
.
11 9-16
12
Tb.
Frt.
12*
12*
1‘2*
12*
Fri.
Tb.
12*
12*
9*
10*
9*
10*
10*
9*
9*
10*
10*
10*
10*
12*
12*
Tb.
Frt.
Nov. 1. Nor. 2. Nov. 1. Nov. 2. Nov. 1. Nov. 2
Frt.
Nov. 1. Nov. 2.
•X
10*
10*
9*
10*
ii^i-16 10*
9*
10*
10*
11*
11*
u*
11 5-16
11 5-16
11*
11*
11 5-16
11*
11 7-16
11*
u*
„
,
11*
11 7-16
"1-i, ii^-16
Sl-i, 8*1. 12*16
Middling Fair
STAINED.
Sat. Mon. Tues Wed.
Tb.
Fri.
Oct.27. Oct.29. Oct.30. Oct.31. Nov. 1. Nov. 2.
flood Ordinary....
Strict Good Ordinary
Low Middling
9
10
10
10
9*
10*
10*
i0*
...
Middling
9-16
9 9-16
9 9-16
9*
8-16 10 8-16 10 3-16 10*
7-16 10 7-16 10 7-16 10*
13-16 10 13-16 10 18-16 10*
iSS
10*
Spot Market
Closed.
Ex¬
„
1,118
2,124
1,654
1,197
1,166
....
..
Thursday.. Lowe: prices.....
Friday
Quiet,steady..
10*
Total
....
1
15
"is
7,840
131
40.200
....
delivery, the sales (including
700
700
800
53,300
44,700
34.400
597
47,600
3J,000
1,100
1,8 0
1,200
7,971
253,200
5,800
—
free
oh
board)
hive reached during the week .253,200 bales (all
middling or on
the basis of middling), and the
following is a statement of the
isles and prices:
For October,
ota
11-10
11*11
11*12
bales.
cts
4,200
10-83
500
cts.
11- ,5
♦.030
1C-89
2,200
11*16
T.. 10*90
600
11*17
600
n-13
11-14
H-15
11-16
2,100
10-91
10-92
5,403..
10- *8
10*94
11-17
1.900
200
11*13
1126
13,900 total; Oct.
90’
2 0J0
3.700
2,800
For November.
1.700
If,-83
700
WO
KO
WO
..10-90
10-91
10-92
10-93
700
.109
10-95
1-WO
{•W0
10-89
1C-96
r.... 10*97
10*95
10*96
10-97
10 93
10*99
11*0)
11*01
1 *02
10*87
.
11* J3
Il*r4
11*05
11*06
1500
11*09
100
11*10
11*11
8U0
IS,900 total Dec.
For
>r Janua
January.
10 93
1.50u
10*94
bales.
•♦W
l
{00
WO
WO
TOO.
ll*(6
—
11*07
W8
11*14
11*15
44,700 total Not.
For December.
10-37
102*
102*
102*
4*79
102*
4*79
4*79
4 79
4 19
4*79
9.9J0
1,800
...10*H6
2,390
8,4 U
15,400
8,700
2,8 W
10*97
1C 98
....10*99
irot
11*01
11-02
500
11*08
11*01
11*05
11*06
11*07
bales.
400
,
For February.
11*05
1,200..
cts.
4(0
200
.11*37
l.oou
.11*42
For April
300
11*34
400
11*06
1,400
11\7
1.703
11*08
600
11-09
400
2. 00
8.0) (1
...U-1C
1.400
II11
11*12
2,000
1,030
.11*39
.11*04
900
830
6 0
900
11*13
.11*41
.11*44
11*16
10*17
200
4i0
8*0
100
1, 00
U00
l.lt-U
10*19
10*20
800
200
5>J0
100
11*14
17.600 total Feb.
For March.
600
11*18
500
11-19
11-20
2.500
500
...11*21
2,800
.11*35
11*22
11*45
11*50
I.-5S
51*51
11*55
11*36
11*3;
11*60
8,000 total May.
For June.
100
11*31
100
203
6,830
11*2S
900
800
11-27
1.10U
11*67
1,100
li-23
200
11-29
11*30
11-31
10J.
•200
100
11*70
11*71
11*72
11*32
11*33
11*03
2.300
Il*u9
1,900...
11*10
203
800
500
800
11*11
11*12
1,800
1,100
102*
1876.
1875.
1874.
474,000
32,230
596,000
63,750
598,000
105,750
433,000
160,000
7,000
506,350
170,750
4,000
50,000
9,000
47,000
53,000
12,750
13,750
13,000
659,750
190,500
693.750
146,000
12,000
55,000
18,500
35,500
84,500
20,500
8,750
28,000
318,250
373,250
376,750
408,750
751,250
40,000
172,000
Egypt, Brazil, Ac.,afloat for E’rope 29,000
1,036,500
210,000
178,000
39,000
487,549
1,102,500
60,173
5,00)
880,500
200,000
243,000
40,000
642,356
71,872
8,000
69,900
67.292
19,000
7,000
1,478,621
2,085,728
2,039,949
2,043,920
8tock at Havre.
,
.
44,000
11,000
Stock at Hamburg
,
43,000
31,000
Stock at Rotterdam
Stock at Antwerp
Stock at other continental ports..
Total continental porta
9,000
5,000
8,250
Total European stocks..
India cotton afloat for Europe....
American cotton afloat for Europe
United States exports to-day
3,000
58,000
15,500
30,500
54,000
12,000
6,250
7,000
198.000
167,000
59.000
444,128
Of tbe above, the totals of American and other descriptions are as follows:
American—
Liverpool stock
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks.
United States exports to-day..
...
642,856
71,872
8,000
208,000
162,009
278,000
487,549
69,900
19,000
150,000
175,000
167,000
444,128
1,370,228
1,124,449
1,010,420
314,000
388,000
63,750
214,750
438.000
105,750
210.000
198,000
39,000
58,000
1,033,500
1,010,4.0
160,000
245,000
231,000
2(3,000
..
...
421,198
60,173
bales. 1,062,371
67,293
7,000
32,260
London stock
Continental stocks
India afloat for Europe
...
Egypt, Brazil, Ac.,afloat...
..
128,250
300,000
40,000
87,250
4'\000
...
...
29,000
...
233,750
416,250
715,500
915,500
...1,062,371
1,370,228
1,121,449
Total visible supply... .bales. 1,478,621
Price Mid. Uplands, Liverpool
6*d.
3,085,728
2,039,949
3,043,520
6 3-lSd.
6 15-161.
r*®7*d.
Total East India, Ac.
Total American
...
These figures indicate a decrease in the cotton in sight to-night
of 607,107 bales as compared with the same date of 1876, a
decrease of 561,328 bales as compared with the corresponding
date of 1875, and a decrease of 565,299 bales as compared
with 1874.
movement—that is the receipts
shipments for the week, and stock to-night, and for tl •
At the Interior Ports the
and
corresponding week of 1876—is set out in detail in the foliowirg
statement:
Week ending Nov. 2, 1877.
Week ending
Nov. 3, 1876
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
11,018
3,910
4,831
4,836
Augusta, Ga
Columbus, Ga......
5,6;2
2,647
2,224
10,257
7,394
6,837
7,799
5,261
21,503
1,122
14,831
3,781
6,269
4,858
5,574
23,4 i8
2,599
11,070
12,419
3,580
6,099
5,535
3,685
4,692
2,872
7,663
7,367
6,182
28,416
3,726
71,872
Nashville, Tenn...
1,875
3,241
3,787
12,314
1,593
Total, old ports.
49,703
31,828
60,173
60,880
52,751
Dallas, Texas
Jefferson, Tex.(est.)
901
800
818
1,187
2,974
900
459
2,64*
3,674
5,042
1,194
4,627
2,520
6,161
5,670
3,319
3,698
2 287
1,969
1,079
1,148
2,500
1,771
8,754
361
2,003
1,672
7,687
3,516
2,879
2,737
3,865
2,104
2,800
1,748
10,312
3,461
1,278
3,798
2,928
795
1.600
2,100
1,839
11,593
Selma. Ala
4,309
19,024
Memphis, Tenn
21,117
.1147
500..11-23
SJ0
11*24
4.UW
11*25
4,503
4,0‘K)
4,200
10*9*5
1877.
Montgomery, Ala..
7,000 total April.
For May.
.11*46
1,100
80
400
100.
300
100
100
100
10*93
102*
406,000
27,00)
Macon, Ga
10*19
70* JI
10*22
10-28
10-23
11*66
11*15
10*90
10*98
lfll
11 -2*
11*38
11*54
11*66
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Nov. 2), we add the item of exports
from the united States, including in it the exports of Friday
only:
23,900 total March.
600
100
100
11*52
10*90
10*31
10-S7
1094
irot
11*40
11*34
11*47
11*60
The Visible Supply op Cotton, as made up by cable and
telegraph, is as follows. The continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
37.600 total Jan.
10*95
...11*04
10**
4*79
Liverpool stock
Deliv¬
eries.
Sales.
1,118
2,224
1,669
1,197
1,166
*io6
531
...
1.J00
♦.WO.
10*95
10*93
11*00
11*12
11*26
11*3)
Total American
FOTUBKS.
ConSpec¬ Tran¬
Total.
sit.
sump* ulate
port.
Saturday.. We<k,unch. quo.
Monday... Steady, unch.quo.
Tuesday
Steady, uuch. quo.
Wednesday Quiet, uuch. quo..
.
11*01
10*59
11*05
11*17
11*81
11*45
11* 08
11*70
11*15
Steady.
Bast Indian, Brasil, dbc.—
MARKET AND SALES.
8ALBS OF 8POT ANT) TRANSIT.
Steady,
11*06
11*19
11*32
11*45
11*57
11*71
11*20
11C5
11*00
421,194
11 15-16 11 15-16 11 15-16 11 15-16 12 1-16
12 9-16 12 9-16 12 9- 6 12 9-16 12 11-16 12 11-6 12 11-16 12 11-16
Fair..
;00
100.
..
lower.
Trl.
Quiet.
,
10*
12*
Low Middling......
Strict Low Mlddrg
Middling
11*
Good Middling..... 11 5-16
Strict Good Mfddl’g 11*
1,700
WOJ
5.400
2.9 JO
VOO
..
Thu a.
Oct.
11*11
lower.
.
10 9-16 10 9-16 10 9-16
10 11—16 10 11-16 10 11-16
10 13-16 10 13-lfi 10 13-16 10 13-16 1C 1.5-16 10 15-16 10 15-ie 10 15-16
10 15-16 10 15-16 10 15-16 10 15-16 11 1-16 11 1-16 11 1-16 11 1-16
9J0
June
Tran^f. orders.
Do. Nov
1
Gold...
Uxcbange
Steady,
11* .8
11*04
12*
12*
10*
10*
u*
11 9-16
12
Ordinary
V lb. 9*
Strict Ordinary
10*
10*
Good Ordinary
10
9-16
Strict Good Ord’ry.
2, ’.09
March
April
May
Wed.
Firm.
except
11*13
10*96
10*92
10*99
11*12
11*25
11*33
11*5*2
11*64
1115
11*00
11*27
11*14
11*11
11*17
11*30
11*43
11*56
I*. *69
11*81
11*30
11*15
11*
10*
10*
Tb.
New Cotton.
bales.
600
November...,..
December
January
February
Tues.
Mou.
Oct.30. Oct.31. Oct.30. Oct.31. Oct.30. Oct.31. Oct.30. Oct 31.
Ordinary
? &•
Strict Ordinary..
Oood Ordinary
Strict Good Ord’ry. 10*
10*
Low Middling....
Strict Low Middl’g 11
11 3-16
Middling
11*
Good Middling
Strict Good Mlddrg It 9-16
For forward
October
Sat.
business,
higher. Lower.
11 11-16
9 13-16 9 13-16 9 13-16 9 13-16 9 15-16 9 15-16 9 15-16 9 15-16
10 3-16 10 3-16 10 3-16 10 3-16 1U 5-16 10 5-16 10 5-16 10 5-16
10 7-16 10 7-16 10 7-16 10 7-16 10 9-15 10 9-16 10 9-16 10 9-16
*
Market closed
11 5-16
Toes Wed. Tues Wed. Tues Wed. Tues W<ed.
and prices bid for
JfTm>LIHe UPLANDS—A.MRBIOAN OUABaiFTnATJOK.
lose oi
course
435
11*62
11*63
11*65
11*66
11*79
4.600 total June.
Shreveport, La
Vicksburg,Miss....
Columbus, Miss....
Eufaula, Ala. (cst.)..
'
3,964
633
2,510
2.608
4,468
2,294
2,599
9,505
4,603
1,350
13,423
2,705
2,681
10,881
7,739
1,530
4,378
2,469
2,044
10,331
6,755
Total, new ports
44,396
36,831
45,611
52,780
41,045
Total, all.......
94,099
68,659 105,814
113,660
93.796
Griffin, Ga.
Atlanta. Ga
Rome, Ga
Charlotte, N.C
St. Louis, Mo
Cincinnati, O
10,563
4,041
1.900
2,101
10,061
7,266
51,7S0
123,65
The above totals show that the old interior stocks have
increased daring the week 17,875 bales, and are to-night 11,699
bales less than at the same period last year. The receipts at the
same towns have been 11,177 bales less than the same week last
year.
piFStlP
?*<•
\ iS. t >
'r^-r
U
Weather
■.»
0
P«,
PL* jf>
fc
r:
h*
<*•
u,#iv
THE CHRONICLE
436
Yrz.*.
Reports by Telegraph.—As
we
write
we are
delaying them ; but
so far as received, they would indicate that the weather has con¬
tinued very unsettled, too much rain being still the complaint.
Galveston, Texa8.—It has rained hard on four days, and picking
has been interfered with by the storm.
The thermometer has
averaged 62, the extremes being 61 and 72. The rainfall during
without many of our telegrams, tlie storm
the week has been three inches, and we have
rainfall
dredths.
had the
enormous
during the month of fifteen inches and seven hun¬
ITol. XIV,
are
filling rapidly, and the yield will in all probability be mrich
larger than was anticipated. The cause of the large receipts thi
week is that planters are
discharging guano liens. Picking i«?
progressing finely, and planters are sending their cotton to
market freely.
Average thermometer 66, highest 79 and lowest
56.
The rainfall during the month has been four
inches and
ninety-eight hundredths.
u
Charleston, South Carolina.—It has rained on four days this
week, the rainfall reaching two inches and eighty hundredths*
The thermometer has averaged 69, the highest
being 81 and the
lowest 61.
-
Indianola, Texas.—We have had heavy rains on four days,
The following statement we have also received
by
interfering with picking, the rainfall reaching four inches and showing the height of the rivers at the points named attelegraph
3 o’clock
four hundredths. The thermometer has averaged 72, the highest Nov. 1.
We give last year’s figures (Nov. 2, 1876) for
combeing 84 and the lowest 61. There is some promise of a top crop if parison:
the frost is delayed.
The rainfall during the month has been
Nov. 1. ’77.
r-Noy. 2,
Feet.
Inch.
eight inches and sixteen hundredths.
Feet.
Inch.
Below high-water mark...
8
Corsicana, Texas.—It has rained on three days of the week,
.Abovelow-water mark....
3
7
the rainfall reaching one and eighty-three hundredths inches.
1
.Above low-water mark
5
1
..Abovelow-water mark....
17
5
Average thermometer 65, highest 85 and lowest 55. We are
4
.Above low-water mark
11
having too much rain and much damage has been done. The
rainfall during the month has been five and sixty-five hundredths
New Orleans reported below high-water mark of 1871
until
inches.
Sept. 9, 1874, when the zero of gauge was changed to high-water
Dallas, Texas.—There have been heavy rains at this place on mark of April 15 and 16, 1874, which is 6-10ths of a foot above
four days, the rainfall reaching three and thirty-five hundredths 1871, or 16 feet above low-water mark at that point.
inches.
We are having too much rain.
It is interfering with
European Consumption—Ellison’s Annual Circular.—
picking and much damage has been done. The picking season
has been wretched of late.
Average thermometer 65, highest 85 The cable brings to the Associated Press to day an epitome of
and lowest 57.
The rainfall during the month has been six and Messrs. Ellison & Co.’s annual circular for the year
ending
fifty-five hundredths inches.
October 1.
It will be seen that Mr. Ellison takes a very gloomy
Brenham, Texas.—We are having too much rain and it is
view of European trade prospects.
We give the dispatch in full
interfering with picking. There have been three rainy days
during the week, the rainfall reaching two and fifteen hundredths as received :
inches, and the thermometer has ranged from 60 to 86, averaging
The Times, in its city article, has summarized the annual
69.
With a late frost we may possibly have a top crop, as the review of the cotton trade just issued by Ellison & Co., of
Liver¬
plant is fruiting afresh. There has been a rainfall of five and pool, and says : It is full of evidence that the trade has been
thirty-three hundredths inches during the month.
dull and dragging, and the immediate prospect is far from bright.
New Orleans, Louisiana.—It has rained on three days this
During the first three or four months of last season there were
week, the rainfall reaching five inches and forty hundredths. some signs of reviving activity, but these were all swept
away
The thermometer has averaged 69.
by the outbreak of the war in the East. Production has there¬
Shreveport, Louisiana.—Since last report most unfavorable fore kept throughout ahead of consumption, and the result lias
weather lias prevailed.
Grades are considerably lower than last been that after enduring much loss, through selling at unremunyear and recent storms have blown out and entirely destroyed erative prices, manufacturers were driven to work on short time
much of the crop.
Cotton is sprouting badly in the boll, and we during the third quarter of this year. Latterly, through the
muBt have dry, clear weather soon or everything in the fields
reduction of stocks which this has induced, and because of the
will be lost.
Average thermometer 65, highest 79, and lowest 51. strike at Bolton, the trade has been placed on a little better foot¬
The rainfall is three inches and forty-five hundredths.
ing, and full time has, in many instances, been resumed; but
Vicksburg, Mississippi.—The thermometer has averaged 66, business is still far from satisfactory. The report furnishes
the highest beiDg 78 and the lowest 57, and the rainfall has been abundant evidence that the state of the trade is the same
almost
four inches and fifty-three hundredths.
It has been rainy or everywhere. Messrs. Ellison & Co. have sent queries to all the
cloudy all the week, rain having fallen on three days, and there seats of cotton trade in Europe, and, almost without exception,
has been little or no picking done.
Do not think we have picked the replies may be summed up in the one word—unsatisfactory.
more than half as much cotton as at the same time last
year.
Singular to] say, Russia appears to offer an exception, the
Columbus, Mississippi.—The rainfall during the week has been trade having been good there, especially for yarns, but also
one inch and
seventy-eight hundredths. We have had too.much for cotton goods, home producers having been assisted by the
damp, rainy weather for picking.
fall in the exchange, which lias prevented importation, as well
Little Rock, Arkansas.—The weather during the two weeks as
by the enormous duties. The trade of Norway and Sweden
past has been cloudy and damp, and much damage lias been appears also to have been fair. The political conflict in France
reported as done to cotton, reducing the grade and rotting the has had a most injurious effect, both on French trade and on
boll.
Average thermometer 59, highest 76 and lowest 38. The that of its near neighbors. Perhaps, however, the worst reports
rainfall has been two inches and sixty-five hundredths.
of all come from the various manufacturing centres of Germany,
Nashville, Tennessee.—It has rained on three days this week, where the trade has been almost uniformly bad throughout the
but is now clearing up.
There has been no killing frost yet.
year, and where the prospects are most discburaging. Production
Memphis, Tennessee.—There has been rain on four days this will have to be reduced in Prussia, {Saxony, and Alsace, unless
week, the rainfall reaching two inches and sixty-five hundredths. there should come a favorable change, of which there is at
Crop prospects are becoming seriously impaired, and it is believed present no sigD.' Several countries have slightly increased the
that the condition has been over-estimated
nearly 10 per cent. number of their spindles during the season, but the increase has
Average thermometer 61, highest 75 and lowest 51.
been insignificant and almost counterbalanced by suspensions,
Mobile, Alabama.—It has been showery three days of the week, destruction through fire, and lessening in the outturn. The
and the rest of the week has been cloudy.
Crop accounts are less entire continent possesses 19,500,000 spindles, against 39,500,000in
favorable.
We are having too much rain, and it is
interfering the United Kingdom ; but the consuming power of the conti¬
with picking.
Average thermometer 69, highest 79 and lowest nental spindles is greater than our own. They take 53 pounds
60. The rainfall for the week is one inch and
seventy-nine hun¬ per spindle, while our rate appears to be only 33 pounds. The
dredths, and for the month six inches and fifteen hundredths. "
United States have 10,000,000 spindles, and their capacity is
Montgomery, Alabama.—It has rained on three days of the greater still, reaching 63 pounds per spindle. In consequenceof
week, the rainfall reaching seventy-two hundredths of an inch. this the annual consumption of the United States reaches 630,The thermometer has averaged 66, the extremes
being 53 and 79. 000,000 pounds, and that of the continent 1,033,500,000 pounds,
The rainfall during the month has been two inches and
fifty-one against 1,303,500,000 for Great Britain. The actual spinning
hundredths.
power of the entire world is thus higher than our own, although
Selma, Alabama.—It has rained here on three days during the we have a greater number of spindles.
week, but is now clearing.
Speaking of future prospects, Messrs. Ellison & Co. estimate
Madison, Florida.—Telegram not received.
the yield of the American crop at about 4,500,000 bales, of which
Macon, Georgia.—We have had rain on two days this week. the United States themselves will take 1,500,000 bales, leaving
The thermometer has averaged 60, the
highest being 77 and the 3,000,000 bales for export. The estimated supply from India is
lowest 50.
1,432,000 bales (a slight increase on last year), and other smaller
Atlanta, Georgia.—It has rained steadily four days in the sources of supply may be expected to send about the same quan¬
past week, the rainfall reaching one inch and seventy-five hun¬ tity as last year, ora little more. Taking the entire sources of
dredths. The thermometer has ranged from 53 to
75, averaging supply, it is estimated that Europe may receive 5,290,000 bales of
65.
The rainfall during the month has been three inches and an
average weight of 411 lb3., or 2,176,000,000 lbs. of cotton, and
eighty-eight hundredths.
as the full requirements of the trade, working only up to the
Columbus, Georgia.—We have had rain on two days this week, present dull level of productive capacity, are estimated at 2,253,the rainfall reaching seventy-nine hundredths of an inch.
The 000,000 lbs., it follows that the coming season would show a
thermometer has averaged 70. There has been a rainfall of two
deficiency of some 77,000,000 lbs. In the ordinary course, ana
inches and twenty-three hundredths during the month.
were this estimate tQ prove accurate, it would lead to some increase
Savannah, Georgia.—It has rained on two days this week, but in prices, but with the trade as it is, no such rise is to be looked
the remaining five days have been pleasant.
The thermometer for. As Messrs. Ellison & Co. justly remark,the strong statistical
has ranged from 60 to 79,
averaging 69, and the rainfall has position of the raw material is weakened by the knowledge that
been one inch and fifty-six hundredths.
stocks of goods are large, that the position of producers is very
Augusta, Georgia.—We have hacl rain, heavy showers, on three unsatisfactory, that general trade shows no signs of revival, ana
^lays, the rainfall reaching two inches and nineteen hundredths, by the fear of new political complications. With so much against
hut the rest of the week has been
pleasant. Crop accounts are it the cotton trade of Europe is likely to drag on for sometime as
more favorable and the
So far as can be seen, nothing short of a speedy
crop is developing promisingly. The bolls it has done.
.
....
'
•'r>
11 *
S
*
.
-
ii
'
-V
.,■
•*
k? r
rv»;-
r
f
■
■“■•
i
*
3, 1877.]
NOVEMBER
THE CHEONIGLE.
likely to give it more than spasmodic activity. All that
supply of raw cotton can be expected to do, therefore, is
? nrevent an accumulation of stocks to a ruinous- extent. Conumption and production may be brought nearer to each other
by
the end of another season, but with so much against the
trade,
more can hardly be looked for unless Europe becomes
settled,
when, of course, the whole position may be changed.
Daily Percentages of Total Port Receipts.—We have
prepared for our Cotton Book—which, as stated a few weeks
since, we propose to issue early in December—a series of tables
showing, on each day of the year for five years, the percentage of
the total port receipts for that year received at the close of that
day. This result is, as we stated, worked out lor every day of
each year. It is impossible to make room here for more than the
first three months; but we do that as our readers will find the
November figures especially useful now.
The percentages for
is
ruAce
P'J
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0 03 0 06 0 1 0 16 0 -2 0 -32 0 -38 0 -43 0 -51 0 -60 0 -69 0 -86 01-0 01- 2 01-23 01-41 01-60 01-90 02-08 02-30 02-49 02-74 02-9 03- 6 03-56 03-84
1873.
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Great
Con*
*
Bntaln. tlnent. Total.
JSi
’**
:
• *
1,000
9-000
4,000
.—Shipments since Jan. 1-.
Great
ConBritain, tlnent.
Total,
Cable dispatch not received
00
cn
13,000
5,000
561,000
383,000
772,000
424,000 1,196.000
944,000
Since
Jan. 1.
7,000 1,036.000
5,000 1,258,000
Gunny Bags,
Bagging, &c.—Bagging has ruled quiet
ne
past week for
during
large parcels, but iu a small
638 has
way a fair busibeen transacted, and in
the
g°°ds has been disposed of. aggregate a considerable
Prices ate ruling about
holders asking ll^@llfc. for light weights,
and 12c.
7*
nil? ir^ quality. Butts are ruling rather quiet at the moment,
(im
8 is 8teady Transactions for the month foot
up about
ojaq, ba*e8> and figures ranged from 3 to3|c., with holders
&s to
for
b
£
k
i
quality.
....
1,039
4,698
317
677
ins
3,969
5,802
2,450
6,079
6,314
•
•
•
....
3C0
317
•
....
•
•
•
....
....
5,217
....
8.105
925
•
...
9,606
askiDg
Stocks in New York Oct.
1, 11,500; stoc'i
•
.
•
....
57.004
NEW YORK.
BOSTON.
Since
This
Sept. 1.
week.
4,933
2,495
3,163
Mobile
Florida
8’th Carolina
31,029
13,612
24,967
philadelp’ia
76,639
Since
This
BALTIMORE.
Since
This Since
week. Septl
Septl. week. Septl.
....
....
....
5^523
1,059
....
806
.
i!oTs
5*232
4,735
2,309
9,315
N’th Carolina.
Virginia
•
•
1,632
1,143
1,792
• •
•
-
24,118
6,869
V
•
7,481
"15
3,402
2,292
5,930
3,002
2,610
100
27,562
1,831
2,299
1,685
1.733
11,489
5,144
*299
1*223
Total this year
28,270
131,007
8,431
31.9CO
1,105
6,455
5,615
Total last
19,155
46,364
235,356
8,131
32.748
1,119
7.752
6,014
1Q.821
North’rn Ports
658
482
Tennessee, Ac
Foreign
year.
9,744
•
•
•
»
Shipping News.—The
exports of cotton from the United
States the past week, as
per Jatestf mail returns, have
reached
58,954 bales. So far as the Southern
the same
are
ports
exports reported by
are
concerned, these
telegraph, and published-in
The Chronicle last
Friday. With
include the manifests of all vessels regard to New York, we
cleared up to
Wednesday
night of this week.
Toul bt)8S
N»w York—To
Liverpool, per steamers
Chester. 80>....Scythia, 1,218—3pain, Nevada, ?,624 ..City of
1,599....La Place, 1,616
....Adriatic, 1,417
To Havre, per steamer
France. 9
To Bremen, per steamer
Hermann, 317
New Orleans—To
Liverpool,
per
steamers
Crocus, 4.2C0
Pease, 3,300
Chilian, 4,709. ...Sumatra, 5,273....
Enrique, 1,071
To Havre, per bark
Harold, 2,313
To Malaga, per schooner Samuel
\Velier, 579
Charleston—To Liverpool (additional),
36
9,280
9
817
Joseph
bark
.per
18,544
8,313
579
per bark
Martha A. McNeil,
Upland
To Havre, per bark
Coligny, 800 Upland and SO Sea Island
Savannah—To Liverpool, per ship
Lady Dufferin, 3,173 Upland
bark Betty, 3,290
per
Upland
per brig Lizzie M.
Merrill,
.
...
land
36
850
1,380 Up¬
Texas—To Liverpool, per steamers
Australian, 5,969.... Lottie, 2,S21...
To Cork, for orders,
per bark Anina, 800
‘
Norfolk—To Liverpool, per steamer Puerto
Rico, 1,891
G. F. Manson, 4,727
per ship
Baltimore—To Liverpool, per steamer Nova
Philadelphia—'lo Liverpool, per steamers Scotian, 7S8
Texas, 942, Lord Clive,
1,145
0
Receipts.—
Thla
week.
•
300
9
.
x
©
122
....
from
Savannah. ’...
2 SP
:
115
...
365
800
9,421
This
week.
a ©
iZa
X va-imamua.—/vccoruing 10 ouroaDie
aespaicnreceived
«H*ay,there
have been (?) bales
shipped from
Britain the
past week, and (?) bales to the Bombay to Great
while
jne
receipts at Bombay during this week have Continent;
1 he
been (?)
bales.
movement since the 1st of
he
January is as follows. These are
figures of W. Nicol &
Co., of Bombay, and are
down to
brought
Thursday, Nov. 1:
--Shipments
bece’tb
icja
•
©©©©©©
•
ca
J
ofMouth. H©JCO^>ft©r>X©©iH©JCO'^©©t^X©©H©JCOrj<iOXr^X©©rH
]
P5
t*CO
©
rfLr)aOTH©lO
.rH*Ot>©COCO
*
s|
^Pa
|
8.
.iHiH©JCJ©rj<
•J ' J
d
•
©©©©©©
.X©©iHCJCp
©©©©©©
t>
X O © © t>
© ©< CD © rf< X
S.
8.
0©>HrH©J©J
.
©©©©©©
8.
8.
X
H
CD©JX©J©JCD
^ 10 © .OOSHMOt*
*M
M O
rH rH iH rH rH rH rH rH rH rH
©1 ©J ©J ©J ©J ©J ©J ©J ©J ©J
C© X
100
4,698
....
.t>rH©©CO
COCOCOCOQQCO^'^^-^lO'y-'»<OUOCDCDCDI>'"l>XX05050lJ''OrHrH©J©J
OOOOOO
OOOOOO
OOOOOrH
OOOO
^
©
05 05 O ©J CO KO
974
....
New Orleans..
Texas
le
©J ©J
t> © KO X© © rH l>
© KO ©
<N X
iH © t* © © »-UO
05 © H
05 d
LO LO CD t> l> X X
'^Tj<a0tb»bi'ooist'QOXX05
0566CCHH<N<NCOrJ<®
OOOOOO
OO
9
....
t> ID
®©C'l>l>aq©CC©©©iHiH<:jCC£o«Ti<ib»b©CQi>l>X©©©aDiH©J
OOOOOO
OHHrlrtrl
00l>
CO©
122
200
100
Spain, &c
-r©
X 05
.
250
115
following are the receipts of cotton at New York,
Boston,
Philadelphia and Baltimore for the oast
week, and since Sept. 1, *77:
T
©J
65,597
S71
The
+3
4jT
l©JC0^»0CDt>X05OH©JC0Tj<»0C0t>X05OrH©JC0^lDiCDt>X05OiH
©J ©1 <N ©J
©J ©l ©J
CO
rH iH iH r-l rH iH iH iH iH H
49,836
371
a
; &
a
d O
9,280
....
Grand Total
+3
2,783
7,933
©0
•
t-xccaoo5o5iHiHaQ<N©j'bcb^^a2o»bcbt't'f-®oo6566iHH
HH
62,814
....
c3
l> rH © © rH X
*. <N 05 CO t> CO t>
48,251
1,535
*-»
©J ©1 ©J ©J ©J ©J ©J
©J r* rj< X © ©
© © rH t> CO t>
9,280
....
year.
4,552
Sal others
a
.rH©©JX©1©lD
HHHHrlH
7,983
....
date.
8,750
SpaimOportoAGibraltarAc
©
cbcccb^ib»b»b©CEcri>xx©©co©H,Hc-joj6o®^^ibib©©i>
HiHrHrHrHr-l
©J©J©1©J<N©J
H
4,552
....
Total to N. Europe.
CO
CiCOr-fr-tCOC©
.XCO©^©CO
8,751
Other ports
o
UO
.
Oct.
31.
Hamburg
o
©©COX©X
Oct.
24.
Bremen and Hanover
©
o
prev’us
Oct.
17.
Total French
a
to
10.
Havre
Other French ports.
'*4
coco
HCOOJCOOIN
Liverpool
Other British Ports
>
Same
period
Total
Oct.
.0 01
©1 ©J ©J ©J ©J ©J
SeDt.l, 187T
WEEK ENDING
cu
CJ
<D
(1
©J iH 00 © rH
.
period of the previous year:
of Cotton (bales)
from New York since
EXPORTED TO
<0
ko©©j©jxc-
,rHl^©J©COrH .fHt-^OOOCO
same
Export*
Total to Gt. Britain
©©6<H.H©jCDcbco^4)<»bcbcci>t>x©©©cci:HCj©jco^4j<QCibcb
<N<N<N<NOJCO
COCOCOCOCOCO
i«t*
1, 5,300—total 16,800.
Arrivals for October were
7,984. Stock in New York Nov. 1, 15,000
; stock in Boston Nov.
1, 4,200—total 19,200. Deliveries in October
5,584.
The Exports of Cotton from
New York, this
week, show an
increase, as compared with last
week, the total
bales, against 8,105 bales last week. Below we reaching 9,606
give our usual
table showing the
exports of cotton from New York, and their
direction, for each of the last four weeks; also the total
and direction since
exports
Sept. 1, 1877; and in the last column the
total
for the
:
ib © ® t> x © © 6
COCOCOCOCOCO
x©j©koxx
©t>»DrHX©J
follows
are as
cb V^ ib ® cb iy x © 6 6 00 ©j co oo
Day
in Boston Oct.
t
September, October and November
437
7,843
8,890
800
6,618
-
7S8
8,081
Total
The particulars of these
are as
follows:
New York
New Orleans
Charleston
Savannah
Texas
Norfolk
Baltimore
Philadelphia
Total
shipments, arranged in
Liverpool. Cork.
9,280
18,514
....'
7,843
8,S90
6,618
Havre. Bremen.
9
317
2,313
86
*58,951
our usual
Malaga. Total.
579
850
9,606
21,436
886
7,843
9,690
6,618
800
788
788
2,0S7
54,086
form,
2,037
800
3,172
317
578
58,954
Below we give all news received to
date of disasters to ves¬
sels carrying cotton from United States
ports, &c.:
Citt
Havana. —The wreck of steamer
City of Havana, Phillips, from N«w
Orleans, Ac., for New York, before reported,
was sold by auction at
New York, as she now lies on
Tuxpan Reef, for 11,000.
Herder (Ger.\ from New York for
Hamburg, at Plymomth Oct. 17th, ex¬
perienced very heavy easterly gates ana
received damage to bridge and other small heavy, seas on the passage;
damages.
Massachusetts.—Providence, R. 1., Oct. 29—One
hundred and eighty fiv*
bales of cotton, thrown overboard from
the steamer
were seld at auction
Massachusetts*
to-day in lots at 5#Jfc7J4c. per pound.
Cotton freights the past week have been as
follows:
of
THE CHRONICLE
438
d
.■
Saturday ..11-32©*
Monday.... 1 1-32©*
Tuesday. .11-3*©*
Wedn’day..ll-32©*
Thursday.. 11-32©*
Friday
,—-Havre.—* «—Bremen.—»
Steam. Sail. Steam.' Sail,
d.
c.
c.
c..
c.
K©9-32ep. * comp. — * comp. —
*©9-32 cp. * comp. — * comp. —
*©9 32 cp. * comp. — * comp. —
*©9-32 cp. * comp. — * comp. —
*©9-32 cp. * comp. — * comp. —
*®9-32 cp. % comp. - % comp. —
Liverpool.
Steam.
Bail.
,
11-32®*
Market steady.
8ail.
Steam.
c.
c.
1 comp.
1
1
1
1
1
—
comp.
—
comp.
comp.
comp.
comp.
—
—
—
—
Liverpool, November 2—4:00 P.M.—By Cable from Liver¬
pool.—Estimated sales of the day were 7,000 bales, of which
1,000 bales were for export and speculation. Of to-day's sales
4*650 bales were American. The weekly movement is given as
lollows:
!.
Sales of the week
bales.
Forwarded
Sales American
of which exporters took
of which speculators took
Oct. 19.
89,000
2,000
2,000
60,000
2.000
31,000
4,000
48,000
7,000
7,000
14,000
14,000
484,000
484,000
235,000
235,000
.
Total stock
of which American
Total import of the week...
of which American
Oct. 12.
.
.
.
Amount afloat
•,
of which American........
.
.
Nov. 9.
79,000
3,000
45,000
6,0C0
45.000
3.000
4.030
448,000
210,000
425,000
25,000
10,000
10,000
16,000
57,000
11,000
93,000
93,000
84.000
84,000
111,000
49,000
6,000
Actual export
Oct. 26.
2,000
176,000
7,000
6,000
Indian
.—Hamburg-.
,
7,000
115,000
87,000
Mid. Orl’ns
..©6«4
..@6*
..@5*
..@6*
©8*
..<&6 7-16
..©6*
..©a*
23,000
6,000
1,000
406,000
173,000
26,000
20,000
5,000
157,000
131,000
..©e*
Futures.
These sales are on
the basis of
Uplands, Low Middling clause,
unless other¬
wise stated.
S A TURD AT.
Feb.-Mar. delivery, 6
Oct. delivery. 6 7-16d
Nov. delivery. 6 7-16J.
Sept.-Oct.
Oct.-Nov. delivery, 6 7-!6©13-32d.
Nov.-Dee. delivery, 6 ll-82©5-16d.
Dec.-Jan delivery, 6 5-lrd.
Jan.-Feb. delivery, 6 5-16d.
ll-3*2d.
shipment, new crop, sail
omitted, 6 7-16d.
Nov.-Dee. shipment, new crop,
6 5-16d.
Nov. delivery,
sail,
6*d.
Oct.-Nov. shipm’ts.new crop,sai],6*d.
Nov.-Dee. shipm’t, new crop,sail, 6*d.
Dec.-Jan. delivery, 6*@7-32d.
Jan.-Feb. delivery, 6 7-32d.
6 13-32©*cL
6 5-16d.
Nov.-Dee. delivery, 6 9-22©*d.
Jan.-Feb. delivery, 6*d.
Feb.-Mar. delivery, 634d.
for November.
Rye has ruled firm, but quiet. Barley has met with an active
demand, and prices are 3@5c. per bush, higher than last week.
Canada peas are dull.
Oats were in request,
and prices gradually hardened, closing
to-day at some advance. No 2 graded, 37c. for mixed and 38c.
for white, and a boat-load of No. 2 Chicago sold at 37|c.
The following are the closing quotations:
Flour.
i
Graiw.
«bbl. $3 03© 4 15 J Wheat--No.3 spring,bush |l aoa i
No. 2
inperflne State A WestNo. * spring
1
\ It
J S® 5 25
ern...........
Extra State, Ac.
Western Spring
Wheat
extras
do XX and XXX
do winter X and XX..
do Minnesota patents..
City shipping extras....
City trade and family
brands
Southern bakers*
5 50© 5 75
Bed Winter
Amber do
White
irfll!
jgj J
\
...
5 60© 5 85
6 00& 7 25 Corn-West’n mixed,
Yellow Western,
5 65© 7 25
Southern, yellow
6 50© 8 75
6 50© 7 25
RECEIPTS AT NEW
1877.-’
For the
Since
week.
Jan. 1.
106,803 2,625,221
Flour, bbls.
“
193,639
5,429
.
593
go©
62©
70©
j:
$
61
35a
White
363
863
72©
78©
65©
1 00© 115
83© 100
breadstuff* at this market has been as fol¬
,
C. meal,
jn
5 50© 6 25 Bye
Oats—Mixed
.
,
i 3** 1
1 453 1
new
Barley—Canada West...
and fa¬
S tate, 2-rowed.........
6 25© 7 50
mily brands.
State, 4-rowed
Southern shipp’g extras.. 5 75© 6 20
Malt—State
...
Bye flour, superfine
3 85© 4 40 Barley
Canadian
Corn meal—Western, Ac. 2 65© 3 00
Corn meal—Br’wine. Ac. 3 45© 3 50 1 Peas-Canada.bondAfree
The movement in
lows :
Monday.
Oct. delivery,
Nov. delivery,
latterly
business of the week is the offerings
of limited quantities of Western mixed, of new crop, received by
rail. Its quality and condition is excellent, and it sells well up
to the price of old corn. The fine season for ripening and drying
the new crop affords assurance that there will be no serious hiatus
in the course of supplies of corn suitable to be shipped. Today, the market was depressed, with No. 2 mixed selling at 60^c
will show the daily closing prices of cotton for the week:
Thurs.
Fn.
Toes.
Satnr.
Mon.
Wednes. ..@>6
7-16 ..@6%
..@>69-16
has been only moderately active, and has
A feature of the
declined.
The following table
8bCt.
Mid. Upl’da..
corn
[Vou XXV,
EXPORTS PROM NEW YORK.—,
1877.
, ,
1876.—
YORK.
Same
time
1876.
Since For the Since
Jan. 1. week. Jan.l.
For the
week.
3,161,599
150,228
_
56,273 1,103,865 26,814 1,576,263
6,030 182,656 2,574 141,633
Tuesday.
Dec.-Jan. delivery, 6 7-32d.
Oct. delivery, 6 ll-32d.
Dec. delivery, 634 d.
Nov.-Dee. deUvery, 6*d.
Nov. delivery, 6 9-32©*d.
Nov -Dec. delivery, 6*®3-16d.
Dec.-Jan. delivery, 6
Jan.-Feb. delivery, 6
Oct
7-32©3-16d.
7-32d.
shipments,new crop,
Dec.-Jan. delivery, 634d.
Jan.-Feb. delivery. 6 7-32d.
Nov.-Dee. shipment, new crop,
6 7-32d.
sail, 6*d.
6*d.
Oct.-Nov. shipm’t, new crop,sail,
Nov.-Dee. delivery, 67-32d.
Feb.-Mar. delivery, 6 7-32d.
Jan.-Feb. shipm’t, new crop,
342;393 4,833,214 3,820,048 137,594 1,044,883
....
9;223
610.013 10,073,310 10,014,783
5,073 201,215 2,797 464,776
The following tables show the Grain in sight and the move¬
ment of Breadstuffs to the latest mail dates:
Barley. "
Oats...."
sail,
OCT.
Wednesday.
Dec.-Jan. shipments, new crop,
6 9-32d.
Nov. delivery,
sail,
sail,
Chicago...
sail,
Toledo
Detroit
Nov.-Dec. shipment, new crop,
sail,
6 3-16d.
Dec.-Jan. shipments, new crop, sail,
6 7-32d.
Jan.-Feb. shipm’t, new crop,sail, 6*d.
Nov.-Dee. delivery, 6 3-16C.
Nov.-Dee. shipment, new crop, sail,
6 7-32cL
7-32® *d.
Nov.-Dee. delivery, 6 3 16d.
Dec.-Jan. delivery, G 3-16d.
Jan.-Feb. delivery, 6 3-lt»d.
Feb.-Mar. delivery, 6 3-lSd.
1 Nov.-Dec.
|
Peoria
Duluth
Total
Previous week
shipment, new crop, sail,
6 5-32®6 8-16d.
shipm’t, new crop,sail, 6*d.
1 Nov. delivery, 6 9 32®*d.
I Nov.-Dee. delivery, 6 7-32®3-!6d.
I Dec. delivery, 6 3-16d.
Jan.-Feb.
.
Corresp’n^ week,’76.
Rye,
bush.
bush.
465,987
697,589
(56 lbs.)
535,953
9.250
(32 lbs.)
238,145
12,175
2,133
45,521
1,600
122,026
171,382
10,150
158,712
14,002
2,250
11,102
17,700
1,405
16 250
223,412
191,210
105,936
93.030
16,400
70,000
50,403
19,430
11,657
8,000
3,503
151,603
....
....
. .
dull, drooping and unsettled. No
important decline has taken place from day to day, but, as com¬
pared with a week ago, some reductions in quotations are neces¬
sary, and the tendency is decidedly towards lower figures.
Production at the West has been excessive, and receivers have
been inclined to press sales; while buyers, iu view of the dull
foreign advices and the depression in the market for wheat, have
steadily insisted upon lower figures. Rye flour also declined, but
meal remained comparatively steady. To-day, the market
was easier and more active.
The wheat market has declined sharply for the leading grades
spring as well as winter growth, without leading to any
important business. The completion of contracts for October
left the market in a state of lassitude. On Wednesday, the last
day of that month, 900,000 bushels of wheat cleared from this
port in twenty-nine vessels, three-fourths of which were for the
United Kingdom. Receipts at the Western markets fell off* last
week to less than the aggregate for the corresponding week last
but it is supposed that with the return of better weather
receipts will again be large. To-day, the market was quiet and
about steady; No. 2 spring sold for November at $1
27*.
465,142
984,437
182,268 1.833,549
482,398
167,904 2.815,629 1,282,693
494,944
155,066 1,906,302 1,545,717
152,236 2,803,073 1,074,407 1,040,091
-
•••
358,730
446,455
452,420
347,627
600
....
65,156
74.638
96,602
80,409
3,904,901 £6,276,801
5,094,768 69,037,560
..
1 TO OCT. 27:
Wh°at,
Corn,
Oats,
bush.
bush.
bush.
AND FROM JAN.
Flour,
bbls.
1,104,512
1,5-1,983
886,865
415,112
1,035,673
1,923,528
27, 1877
199.SS3 1,434,033
20,1877
185,135 2,555,675
week ’76
147.023 2,252,450
week *75
137,116 1,788.167
157.025 1.594,979
week *74
week ’78
158,173 1,802,413
925,357
week’72
138,830
Tot. Jan.l to Oct. 27.4,06’,951 34,614,507
Same time 1876
3,797,844 41,124,849
Same time 1875
4,315,847 48,187,126
Same time 1874
4,843,741 54,815,957
Oct.
Oct.
Cor.
Cor.
Cor.
Cor.
Cor.
RECEIPTS
WEEK
corn
of reds,
6,908
4,405 970
.
Friday. P. M.. Nov. 2, 1877
The flour market has been
25,653
22,852
(48 lbs.) (56 lbs).
31,615
106,676
7,490
94,372
4,339
17,800
45;516,!94 70,914,025 21,907,302 6,707,673 2,088,90?
42,128,045 21,909.460 4.507,464 2,481,634
51,976,950 24,002,576 4,894.538 1,330,811
Tat.Aug. 1 to Oct. 27.1,588,016 29.789.561 25,845.009 9.461.189 3,611,198 1,539,031
Same time 1876.
.1,470,202 19.072,356 28,509,677 8,070,594 8,7:68,481 1,-21.487
Same time 1875
1,321,982 25,S6f.612 '.4,687,526 11,243,111 2,952.200 91U2
Same time 1874
1,554,937 *6,124,8(7 13,586,264 9,425,315 2,674,415 453,684
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AtfD
RIVER PORTS FOR THE WEEK ENDED OCT. 27, 1877.
1876
Same time 1875
Same time 1874
BREADSTUFPS.
year,
Barley,
bush.
47,939
67,051
2,302
Cleveland
St. Louis
Some time
Friday.
Nov. delivery, 6
Oats,
bush.
(196 lbs.)
Milwaukee
Thursday.
Nov. delivery, 6*d.
Nov.-Dec. delivery, 6 7-32d.
Dec.-Jan. delivery. 6 7-323,6 3-16d.
Jan.-^eb. delivery, 6 3-16d.
Feb.-Mar. delivery, 6 7-32d.
Oct.-Nov. shipmenr, n w crop, sail,
6 7-32d.
Corn,
bush.
(60 lbs.)
bbls.
At-
WEEK BNDI10
AND FROM
Wheat,
Flour,
6*d.
JaD.-Feb. delivery, 6 7-32d.'
Oct.-Nov. shipment, new crop,
6 7-32d.
Nov.-Dee. shipment, new crop,
6 7-32d.
Nov.-Dee. delivery, 6*®7-32©*d.
Dec.-Jan. delivery, 6*®7-32d.
Jan.-Feb. delivery, 6*d.
Feb.-Mar. deUvery, 6*d.
Nov. delivery, 6 9*32d.
AND RIVER PORTS FOR THE
27, 1877, FROM JAN. 1 TO OCTOBER 27,
AUG. 1 TO OCT. 27.
RECEIPTS AT LAKE
sail, 6*d.
Oct. delivery, 6 ll-32©5-16d.
Nov. delivery, 6 5-16d.
Oct.-Nov. delivery, 6 9-32d.
.
.
Flour,
bbls.
bush.
Oats,
bush.
411,000
405,481
103,005
4,800
12,433
829,000
260,009
658,491
75,400
1,200
6,935
33,600
85,000
2,300
181,715
Corn,
Wheat,
bush.
2,357,875
...
Portland.
Montreal...
...
...
.
Philadelphia
Baltimore
New Orleans....
.
...
...
....
Total
Previous week..
week’76....
....
....
....
69,860
3,500
81,110
21,260
21,589
12,957
157,950
1,500
431,417
164,800
277,677 3,536,842 1,306,434
291,915 3,253,721 1,473,664
839,649 2,067,077
246.168
32,104,318 72,667.226
35,302,169 74,901,728
44,081.7*0 49,594,419
51,750,308 46,239,927
*And at Montreal 23,590 bush. peas.
Jan. 1
Same
Same
Same
,
657,437
238.673
444,624
462,613
Rye.
bush.
bush.
2'8,423
312.480
5,631
46,311
23,56?
11,890
90,657
135,393
306,661
23,131
43S,043
98,424
60,559
54.489
994,82? 646,734
2,118.169
61,305,947 15,938,015 4,218,715
1,707,525
66,647,742 17,936,690 2,b87.6S8
1,950.893 726,814
37,767,884 16,071,163 2,341,165 2,855,!0
40,603,111 15,101,605
OF FLOUR AND GRAIN AT SEABOARD PORTS FORTflB
ENDED OCT. 27, 1877, AND FROM JAN. 1 TO OCT. 27.
Baney, Bye,
At—
New York
Boston
Cor.
333.074
625,273
Barley,
to Oct. 27....6,340,645
time 1876......7,913,162
7,743,208
time 1875
time 1874
8,889,842
.
bush.
823.838
35,925
49,72*1
busb.
190,213
i, “00
89,280
7*507
448,764
561,302
479,619
204,043
44,579
56,417
J0.8-M02 4,^81,317
16,325.143 2,579,15.
17,390,498 1,989,06*
849,’8®
WOO
68,300
873,916
762,425
567,441
797,986
Xovembeb
THE
3, 1877.]
CHRONICLE
Supply of Grain, comprising the stocks in
frtBarj »t the principal points of aconmulation at lake and
seaboard ports, and in transit on the Lakes, the New York canals
and by rail, Oct. 27, 1877, was as follows:
Importations or Dry Goods.
Thb Visible
Wheat,
bush.
at New York
In store at Albany
659,432
In store
In store at Buffalo
In store at Chicago
In store at Milwaukee
In store at Duluth
•
4,300
35.6H0
746,714
630,219
488,567
509,036
11,823
250,u0U
143,616
74,439
150,0C0
176,027
273,894
198,866
2,350
21,081
324,028
525,030
525,0JO
373,520
600,000
38,380
47,091
69,599
2,338,730
Afloat in New York canals
2,487,187
347
21,G23
129,345
429,068
186,4 )5
34,266
146,700
96.213
30,000
95,708
272,771
•
•
•
19,541
10,979
602,819
21-3,133
154,002
1,56?,076
943,154
361,932
374,988
•
The importations of
dry goods at this port for the week ending
Nov. I, 1877, and for the
corresponding weeks of 1876 and
1875, have been as follows :
Rye,
bnsh.
bush.
331,516
143,672
191,000
47,103
138,652
7,556
3 5,383
113,731
269,529
22,358
SHTSBKD roB CONSUMPTION
FOR THR WRRK BNDING NOT.
Manuf actures of wool...,
do
cotton..
do
silk
lo
•
414
526
319
814
$156,780
675
283
138,659
238,366
79,390
114,456
$267,060
OtS
648
803
818
5C4.760
143,227
136,217
2,385
$727,660
flax.....
190,000
14,000
40,212
2,229
90,557
30,975
221,120
8,977
48
2,531
T til
Manufactures
of wool
11,074
18,067
277
126
cotton..
silk
do
do
64,448
1,924
105^050
2,719
17,759
78,978
323,271
Estimated.
1877
Pkgs.
349
314
342
444
473
172,218
3,052 $1,228,472
1,922
flax
Miscellaneous dry goods.
$109,211
Valne.
$120,251
96,948
187,964
97,417
106,892
$609,472
280
146
$105,338
68.221
S?
182
31,185
22,657
285
88
61
298
15,S91
821
26,206
1,142
53,751
33,964
$300,417
727,660
1,466
3,052
$240,3)9
1,228,472
1,872
$272,180
1.922
609,472
4,513 $1,468,781
3,794
$831,652
62
36,433
70,861
S85
137
44.923
•
257,856
1, 1877.
WTTH ->aAWN FROM WABBHOUBB AND THROWN
INTO THR MARKRT DURING
THR
8AMR PRBIOD.
go
11,155
—1876
>
Pkgs.
Valne.
>
Pkgs. Valne.
Miscellaneous dry goods
8.279
1875
»—
•
57,511
•
Barley,
10,364,287 9,563,035 3,727,077 2.591,634 585,211
11,322.164 10,439,577 3,850,969 2/22,437 644.889
10,974,544 10,558,764 4,150,341 2,4u3,731 673,969
10,180,753 11,362,559 4,032,663 2,114,639 624,534
10,956,195 10,101,544 3,390,521 3,546,192 S52.537
Oct. 23,1877
Oct. 13,1877
Oct. 6, 1877..
Oct. 28. 1876
*
1,629.231
110,700
109,106
158,719
8,296
875.000
9,505
In store at Boston
In store at Toronto
In store at Montreal
In store at Philadelphia*
Ins'oreat Peoria.
In si ore at Indianapolis.,..
In store at Kansas City
In store at Baltimore
Rail shipments, week
\% wee-s...
Lake
do
Tota]
2,9)3,63!
453,046
Instore at Oswego*
In store at St. Louis
..
Oats,
bush.
389,750
290.820
290.820
26 3,50 J
In store at Toledo
In store at Detroit
Corn,
bush.
439
7oval....
887
2,386
3,273 $1,028,077
$107,416
24,468
52,581
BNTBBBD FOB WARRHOU8ING DURING SAMR
PRBIOD.
274
Ill
.
do
do
do
cotton,
.
silk....
flax....
Miscellaneous dry goods
THE DRY GOODS TRADE.
Friday, P. M.. Nov. 2, 1877.
Business has continued
light the past week with manufacturers’
agents and importers, and there was very little animation in the
63,009
2,430
792
$294,948
,
$195,334
259
803
231,117
100,206
$74,650
43,057
2,283
29,795
$648,098
1,228,472
3,495
1,922
$244,919
609,472
5,034 $1,876,570
5,417
$854,391
-
78,374
173
1,982
2,386
727,669
CO T-* CO
$1 ,'022,608
Import?,
515
227
232
68
45
862
36,633
84,159
302
19
.
Total
$103,717
3,052
of Leading
26,039
57,156
57,279
Article*.
The
following taKie> compiled from Custom House returns,
foreign \mports of leading articles at this port since
more liberal in their operations, and considerable
quantities of January 1, 1877, and for the same period in 1876:
[The quan^^y i8 given in packages when not otherwise
low-priced, bulky goods were shipped by canal to Western job¬
specified.]
bers, but the general demand was mostly of a hand-to-mouth
Same
Since
Since
Same
jobbing branches of the trade.
character.
California buyers
were
rather
The
early clothing trade have commenced placing
orders for spring woolen goods for men’s wear with a fair
degree
of liberality, but transactions in heavy woolens were unsatisfactory, because of the continuance of mild weather, which
retard^
the consumptive demand.
The print market remained quiet
unsettled, but the most staple makes of cotton and woolen
g00(jg
were fairly
steady in price.
Domestic
Cotton
Goods.—The exports of
this port, for the week
dom^stica
from
ending Oct. 30, were 867
par^ages which
were
shipped as follows : Brazil 213 packages, M exjco ^5^
Hayti
127, Great Britain 101, British East Indies 10'
j,
Venezuela
39,
U.
S. of Colombia 29, Peru 21,
Japan 20, Cent ^ America 18. The
home demand was mostly restricted
-o small lots of
goods
reqmred for .mmedute Bales, though f
^ wa8 &
moTe.
meut in four-yard brown
sheetings, 1
cotton flanneU and
.
gram
%
bags, all of which
Lottonades
shows the
were more
shirt manufacturers
are
firr
...
nly held at ruling quotations.
,r by the early
clothing trade, and
±e liberal buyers of bleached cottons,
sought V
were mo
shirting prints and chevi
jts.
Prints remained dull, aside from
shirting styles, some lar
ge sales of which were effected by means
of exceptionally low
prices. Print cloths were fairly active and
firm at 3 ll-16c, ler
7
d
*\
jb
1 per cent cash, for extra 64x64s, 3fc. cash
* #'/*
or s
n ar s,
gxc cash, @3fc., 30 days, for 56x60s.
Ging¬
-on
dress
goods
good demand and firm.
.0 Woolen Goods.—Heavy
woolen goods for men’s
wear ru1
.ed quiet in first hands, though re-orders for a few
leading
make1'
were received to a fair amount.
Elysians and rough
ovp
J
/coatings were in moderate request, but faced beavers were
comparatively quiet. Heavy worsteds were almost neglected,
and fine fancy cassimares moved
slowly, unless when offered at a
concession in price, which induced some liberal sales.
Kentucky
jeans were lightly dealt in, and satinets were sluggish, but there
was a fair movement in
fancy cloakings. Flannels were taken
in small lots to a moderate
aggregate, but blankets, continued
dull. Worsted and woolen dress goods lacked
animation, and
the latter became somewhat irregular in price. Woolen shawls
and felt and Balmoral skirts, as well as woolen
hosiery and
shirts and drawers, moved very slowly at
nominally unchanged
prices.
Foreign Dry Goods.—The demand for imported goods has
Domest^
were in
Jan. 1/77 time 1876
c
Earthenware...
Glass
Glassware
Glass plate
Buttons
Coal, tons
Cocoa bags
Coffee, bags
Black cashmeres
continued in
moved
;
good demand, bat other descriptions of dress goods
slowly. Dress silks were generally quiet, but trimming
and mantilla velvets were in fair
request. Men’s-wear woolens
were in light demand, and a
large line of fine woolens of the
importation of. Messrs. Hardt & Co. was offered at auction.
Linen goods, white goods, laces and embroideries were
severally
quiet, and hosiery and gloves were only in moderate request,
12,221
15,402
34,146
29,885
234,022
30,822
264.797
33 066
6,725
5,667
60,197
£0,384
l,514,fc66
4,510
Cotton, bales
Drugs, <fcc—
Bark, Peruvian..
Blea. powders...
Cochineal
Cream Tartar...
Gambler
Gum, Arabic....
Indigo
Madder
Oil, Olive
Opium
Soda, bi-carb....
Soda, sal
Sodaash
flax
Furs
Gunny cloth
Hair
15.616
24.268
Bristles
1,557
5,240
585
Ivory....
Jewelry, Ac.—
Jewelry
28,61-i
Watches
Molasses
Champagne,bkt*.
Wines
4,275 Wool, bales
2,751 Articles reported by
value—
1,167
970 Corks
3,421
Lemons
5,229
i,27;
2,252
Oranges.
4,1-4
Cassia
35,231
1,878
2,317
420
4S0
290,533
503.164
81,765
97,437
Ginger
Pepper
Saltpetre
.
WoodsCork
Fustic
Logwood
Receipts or Domestic
5,924
Ashes
Breadstnffs—*
Same
1876
Molasses.... .hhds.
4,803
4,3:33,21-1
125,763
65,189
856,895
463
69,527
Molasses...
Naval Stores—
Crude turp..bbls.
Spirits turn
“
Rosin
Tar
(1
....
$<
•
2,944
19,226
845,298
21,169
79,349
102,689
34,718
38,202
$
1,022,730
1,169,896
$
39,146
923,494
358,430
405
Pitch
Oil cake....
•pkgs.
Cutmeats
44
Eggs
48
Pork
Beef
Lard
Lard
44
....
Rice
Starch
<(
44
.
pkgs.
*T
Stearine....
Sugar
..bbls.
Sugar....... .hhds.
40,793 Tatlow
•Pkgs.
»T
Tobacco....
3,177 Tobacco.... .hhds.
63,751 Whiskey... ..bbls.
121.123
80,105
193,429
109,955
419,397
343,659
118,674
321,593
362,172
84 <,671
28,223
74,032
577,412
37,124
132,227
1,1877, and for
Since
Same
Jau. 1,77 time 1876
time
3,820,048
115,403
79,871
Peas
943,615
Corn meal. .bbls.
193,639
150,228
.hales.
Cotton
502.486
658,565
44
2,511
Hemp
6,054
Hides
...No. 2,901,676 3,143,448
bales.
70,035
55,4281
Hops
Leather
3,643,714 3.236,374
Grass' seed.. .bags
Beans....
71,993
112,728
Produce.
.
Barley<fe malt “
504
505,687
43,417
Flour.... ..bbls. 2,625,221 3,161,599 Oil, lard... ..bbls.
Wheat.... .bush. 16,201,355 21.238,839 Peanuts.... ..bags.
44
Corn
28,77S,276 22,730,056 Provisions—
44
Oats
Butter....
10,073,310 10,014,783
44
Rve
Cheese...
1,5S8,323 1,071,492
...
730
362.161
The receipts of domestic produce since January
the same time in 1876, have been as follows :
Since
821,064
53.466
753.616
Mahogany..
Jan.1/77
763,206
899,626
931.887
1,206,639 1,211.243
Nuts.
669,124
603,812
Raisins
898,618 1,154,141
105,648 Hides, undressed.. 10,111,42
6,169,976
Rice
*77.291
165,922
1,304 Spices. Ac.—
2,349
Linseed
720
67.133
4,257 Wines, Ac—
29.795 Fancy goods
43.669 Fish
48,230 Fruits, Ac.—
48,607
India rubber.
Waste
19.58?
53.801
54,106
108.838
3,312
1,142
103,074
Steel....
32,148 Cigars
Hides, Ac—
Hides, dressed..
Spelter, Tbs
1,187
36,971
1,231
4,773
2,67 3
Hemp, bales
Lead, pigs
..
22.631
393
50.373
4,559
4,072
3,237
Hardware
42,134
44,179
7,69?
Tin, boxes
871,134
745,499
Tin
4,553
8/81.530 7,177,336
slabs, lbs...
46,379 Paper Stock
160,054
117,999
21,619 Sugar, hhds, tcs. &
1,134,491
495,767
532,965
3,962 Sugar, bxs & bags 2,376,612 1,656,000
Tea
746,769
737,145
27,198 Tobacco.......
51,372
40,708
3,207
4,460
5,606
’
been light and unsatisfactory on the whole.
Metals, Ac.—
Cutlery
atna, Glass and
EarthenwareChina
Jan.1/77 time 1876
Wool
bales.
16,950 Dressed hogs. .No.
3,616
3,162
281,153
15,930
379,314
81,683
6,325
48,475
1,070.562 1,033,151
1,913,163 1,750,433
841,579
412,763
143,615
35,311
333,990
34,918
32,203
315,180
16,137
726
12,626
69,0)2
179,280
92,542
130,16$
83.418
•2,737
425,486
473,669
135,468
76,369
*74,172
19,041
36,775
*04,370
18,16?
42*
8,784
50,636
191,136
110,599
113,051
67,610
95.563
440
THE CHRONICLE.
GUNNIES.—See report under Cotton.
GENERAL
JL8BK9-
*x@
V A.
Pot, first scrt
BREADSTUFF8—Seespeclal report.
BUILDING MATERIALS—
Bricks—Common hard,afloat..ft M
•
18
a
a 35 00
a 2 50
a 5 23
a 4 75
a
@ 2 75
.
.
.
•
...
Catsplkes,allsizes
Faints—Ld.,wh.Am,pare, In oil ft ft
Lead,wh., Amer.,pure dry
Zinc, wh.,Amer. dry. No. 1
Zinc, wh.. Amer.,No.l,in oil
Paris white. Eng., gold....f» 100 lb.
BUTTER— New—(Wholesale Prices)Dalrles, palls, g’d to p’me State ft lb.
Weet’n fact’y, tubs, g’d to ch’ce “
H’l flrk.,tubs,State, f’r to prime “
Welsh tubs. State, com. to p’me “
•
•
•
a
a
a
ioxa
ioxa
factory, fair to choice
ftft
Western factory, good to prime.'. “
CJAL-
COFFEE—
Elo, ord. car.60and9C-days.gld.ftft
do fair,
do
gold. “
do good,
do
gold. “
do prime,
do
gold. “
Java, mats
gold. “
•
•
gold
gold.
gold,
gold.
gold
gold.
gold.
:
gold.
15*0
18
16X
@
18X
18X3
19X3
MX
14*
22
3
“
“
“
“
18X@
17**
“
13X>
“
16
“
“
17
26
21
20
13X6
17
19X
19*
2 X
®
HOPS-
Bolts
ft ft.
do....
cur.
do...
gold
selected “
46
do...
66
do...
.
DRUGS & DYES—
Alum, lump. Am
Argols,crude
CO
3
26
SO
Caustlasoda
ft 100 1b
“
<s
2
00
12
**
4 35
19 00
Cochineal,Honduras, silver...
“
Cochineal. Mexican
“
Cream tartar, prime Am. to Fr.
M
Cabebs, East India
cur.
Catch
gold.
Gambler
“
cur.
Ginseng
Glycerine, American pure
“
“
Jalap
Licorice paste,Calabria
“
Licorice paste,Sicily
“
klcoricepaste,Spanish,solid., .gold
V 100 ft. gold
Sugar of lead, white,prime,Vftcur
2X
12X
1JH
40
© 27 50
@
3
26X
3
@ 4 25“
3
61
55
3
©
*63
32*
25
8X0
3
5*0
«X0
1 12 3
20 3
22X3
40
25
26
3
©
@
Madder, Dutch
**
6X3
Madder,Frencb. E.X.F.F
5 3
**
Nutgalls,blue Aleppo
cnr.
19 3
OH vitriol (66 Brimstone)
“
2 00 3
Opium,Turkey ....(In bond),gold. 4 00 3
Prusslate potash,yellow,Am..cur.
24 3
Quicksilver
gold.
52X3
Quinine,
cur
3
Rhubarb, China,good to pr.... “
50 3
Sal soda, Newcastle..?* luO ft, gold
1 25 3
Shell Lac, 2d A 1st English..ft ft.cur.
21 3
Bodatfeh
22
30
37X3
“
187X0
3
ex
<>*
1
Valencia,new
Currants, new.
do
7X6
16X6
Citron
Prunes,Turkish (new)
Figs, layer
CantoniGi
Ginger.wh.&hf.pols.ft case.
Sardines, ft half box
Sardine*. ft quarter box
Macaroni, Italian
Domesjm Dried—
Apple?, wuthern* sliced
do
do
quarters
do
State, sliced
f) ft
28
23
lX
5X
«Q
2 50
54
8 40
1 50
1 30
23
1 80
19
* ft
quarters
Feather, pared, Ga.prime & gfccloe.
do
unpared. halves and qrs...
Blackberries
2 05
3
5X3
5X3
8
5
a
3
7X3
Raspberries
27
Cherrle".
Plums, Srute....
1!
14
Whortleberries.
3
©
83
Ordinaryfo."*6ign...... V 100 lbs, gold 6 37x@
3
40
60
7
8
22X3
25
22
22
26
30
3
©
@
&
27
80
&
21
24
28
32
31
3
32
.cur. 4 55 @
.ft ft.
....3
Domestic.
eoi.Tl?non**r
Domestic, col
Bar (discount, a j P* c,L
...
Sheet
“
LEATHERHemlock, Buen, A’rc.'*11** ro.&l.V ft.
“
California, h., m.&l.......
_
“
“
common
.
a
&
10
3
hide,h.,'111'
rough
fiexas.crop
•••.•
....@
@
Cuba, clayed
.>
ft gal.
Cuba, Mus.,refin.gr’ds,50 test.
“
do
do
grocery grades.
“
...
Barhadoes
38
“
“
“
40
48*
@
3
4.
35
40
41
“
46
60
<u
American German
Tar, Washington
a
V bbl. 2 25
•»
Pitch, city
3
50
5U
2 37X3
2 25 3
“
Spirits turpentine
bol.
“
“
“
“
2 50
4 50
NUTS-
Almonfls, Jordan shelled
lb.
Brazil
FilMerts, Sicily
Walnuts, Naples
Pecan
30
4
11
12
5
@
&
a
a
a
5 00
@
Ou
(o'
12X
8x@
10X
12
a
•
a 35 50
...
OILS—
fi gal
*•
“
*•
Linseed, casks and bbls
Menhaden, crude Sound
Neatsloot, No. 1 to extra
Whale,bleached winter...,..
Whale, crude Northern
.'.
Sperm, crude
Sperm, bleached winter
“
“
“
“
“
Lard oil. Nos. 1 and 2
“
50
1 15
&
58
a
42
65
67
3
60
1 rs
1 ss
54
15*
a
60
45
a
a
a
a
a
a
90
62*
10
40
65
PHTROLEUM-
Crude, In bulk
%) gal.
*•
’*
Manila, sup. and ex. sup
Batavia. N os U'@12
Brazil, Nos. 9@ll
Boflned—Hard, crushed
Hard, powdered
do granulated...
"
7X
5
“
:.
Refined, standard white
Naphtha, City, bbls
“
••
PROVISION 8—
Pork, mess,spot
Pork,extra prime
V bbl. 14 30
“
Pork,nrlme mesp, West
Beef, family mesa
Beef,extra mess, new
Beef hams,W. sum. cured
..
8
• 14 50
a
....
....
a
....
15 00
“
13 00
....
....ft ft
@ 16 (0
3 14 00
17 50
8Xft
13
.....
MX
....
“
"
•*
8X
18
3
13X
S*»
....0
RICE—
Carolina,fair to prime
ft ft.
Louisiana, new, fair to prlnae.. “
Rangoon, in bond
Patna, duty paid
SALT—
•
•
••
....3
St. Martin
30
@
i 10
0
SH
*X
29
35
2 50
.ft bush.
....
a
1 40
@
1 45
3 00
Canary, Sicily
@ 2 50
Canary, Dutch
3 2 10
Hemp, foreign
1 58 a 1 55
Flaxefeed, American, rough..
1 45 @
Llnsaed, Calcutta
f) 56 ft„ gold
@ 2 WX
Linseed, Bombay......ft M ft gold."
@
•
....
•
•
•
icx
*§
9xa
8X@
3S
@
6X
BX
@
8
7X@
f> ft.
7va
....a
TIN—
gold.ftft
Banca
Straits
**
-g
12X@
cur.ftft
Nominal.
com to fair..
Sup.to fine
fine to finest
Ex.
„6t
' fair
Ghoic
„
do
do
Imperial,Com.to
(iO
.
Sup.to fir
>e<
.V,*”.....
23
46
13
21
23
Nominal.
Cl @
27
42
32 a
...
.
**”
Ex.fine to finest...
82
45
65
80
X
*
do
Superior to fine
do
Ex fine to finest
do
Choicest
Souc.A Cong., Com. to fair
8up’rtoflne
Rt.flneto finest
47
55
@
a
28
@
a
@
a
&
&
42
55
75
25
42
§7
.
.
***
Oolong, Common to lalr#aM
do
do
26
49
57
82
32
45
62
85
44
nflnest
«^?xtra«net' com. to fair.
Hyson Skin.&Twan..
^ne
do
do
Sup.to i.
finftst..
do
do
Ex fine to
'ajr
Uncolored Japan,Com.to a
**
*
do
* **
Sup’rtofine
do
27
87
47
21
30
47
67
24
37
52
65
23
32
Choicest
do.
Bunpowde.
TOBACCO-
6
fMb
Kentucky lugs, heavy
leaf,
•*
Seed leaf—New Eng-wrappersNl-US
Ho
flllerp, ’74-’75..
Pa. assorted lot*, 'li-’lo
Yara, assorted
Havana, com. to fine
Manufac’d,
In41bond, black work
“
bright work...
WOOL^
American XX
American. Nos. I & 2
American, Combing
Extra, Pulled
No.l, Pulled..• ... .........
Vft
California. Spring ClipSuperior $ nnwoBhed* •••••••••••••••
Burry
South Am.
Merino, unwashed
Cape Good Hope, unwhshed
Texas, fine. Eastern
Texas, medium.
Eastern...
Smyrna.unwashed
ZINC—
Sheet, Foreign
Domestic.....
FREIGHTS—
ToLiybbpool:
»».
Cotton
Flour
ft bbl.
Heavy woods. .V ton.
..........
ft bbl....'.
geld.
F ft.gold.net
.Corn,b*lk A bgs. ft bn.
Wheat, bujk A bags..
Baef
ft tee.
Pork.
*
6 25
30
40
Super.to fine
Ex. fine to finest
>
16X
15X
62X@
Hyson,Com. to fair
^
„
5
6
Choicest,..
o
Youl
18
a
ftbxg d.
Hyson, Common to fair
do
Superior to fine...^
do
Extra fine to finest
@
16X3
"
English .refined
Plates.I. C., coke
Plates.char.terne.....
TEA—
c.
17
“
do
8X6
lux
....@
9
Fair
Inferior.
6X0
6X0
3X0
7X0
....a
“
’*
“
TALLOWPrime city,
1*
7l<
m
“
“
—.
@
7X@
10Y@
9%a
*4
-
IS
3
8
*
41
do
olf A
White extra C
Extra C no
Yellow C
OtherYeTlow
Molasses sugars
@
7X@
0
Coffee, A. standard
I*
7xa
8
3xa
“
**
•*
“
cut loaf.
l*
....@
5
onr,
,—STBAV.—.
t. a. s. a.
INS!®*
@b***
It
10
5
12
90
75
7X
13X@
<
9X«1Q
6 6
6 r a....
25
95
1 15
21
21
3
44
39
*
49
37
20
a
a
@
46
48
57
a
40
25
13
a
a
a
26
22
13
80
a
a
26
2*
29
27
<*
a
a
a
a
17
a
r
a
7X@
17
88
81
S3
88
18
7H
SAIL.——
9. (1.
8m dm
X36-32 comp
4 0
SO 0 3&0 0
10 @ ...
15
.
7
....
....a
17 3
....ft
7 a
‘l*
16
9
10
3
...
“
Cases...
10X
.
Melado
■
4X
11X
14
...@
....©
..3
spring..
“
do
SIX
4
6*
&
cur.
Centrifugal, Nos. 7@13
'
2
&
&
City, thin oblong,bags, gold, $ ton. 35 (0
Western, thin oblong (Dom.) cur “ 33 00
Cotton seed, crude
Olive, in casks * gall
9
Inferior to common reflnirg....ft ft.
Fsir
“
Good refining..
“
Prime
“
Porto Rico, reflu., fair to prime "
Boxes, c’ayed, Nos. 10@12
“
34*
..ft gal.
Rosin,
strained to good str4.fi
“
low No. 1 to good No. 1
"
low No. 2 to good No. 2
"
low pale to extra pale..
*•
window glass
6X@
9X@
10X&
8UGAR-
53
NAVAL STORES-
Tar, Wilmington
1 ia
Western
'
@
Store Fj'ices.
16
14X@
American castspring
American machinery
“
SEEDS-
«x
“
ft gallu 2 09
American blister
American cast, Tool
.
-
6
>!*
3
8
English, ca8t,2d&lst quality ft ft gold
English, spring,2d’& 1st quality.. “
English blister,2d& lstquallty.. *•
English machinery
“
English German,2d & 1st quality “
36
3 50 00
v
gold.
Whiskey
;... 24(0 @ 26 50
ra.^. at ml11
39
@ 17 00
@ 8 00
50 @ 4 00
00 Crt 3 25
60 @ 4 CO
60. @ 3 90
3
*•'
Irish
Alcohol...
60
=5
16X
3 75
••
Whiskey, Scotch
0 20 00
© 19 00
@ 18 00
17 00
16 50
@
@
4 00
STEEL
40 @
38 @
....@
37 @
It ton. IS 50
21
@
....
37X@
....a
.
14
*5*
8*
<3
a
•
13
15
86
14
ft gall.
"
“
Gin
Store Prices,
Bar, Swedes,ordinary sizes.. ft ton. 130 00 3132 50
ft lb. 2 5-10@
5
5 @ 2 P-10
/loop, Xx.No.22toT&lXx-13&!4 ••
11
gl/eet, Russia
gold.ftft
lt'XO
8hpvH, single,double & treble.com.
3X@
4
Araer., at Works..¥ ton, cur. S3 00 @ 37 00
Bacon, City long clear.
5X0
5
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix, 3d proof
Scroll
Hams.smoked
8X
7%
11X3
5 3
12 3
6 50 3 8 00
19 3
19X
13 X
18X@
13k@
•
OIL CAKE-
jov
French
•
25*
....
3
3
3
3
•
•
21
Mackerel, No. 1, Bay.. ......
None.
Mackerel,No.2 Mass, shore (new). 12 50 3 13 od
Mackerel, No. 2, Bay
None.
'YRUIT—
Baltlxi,Seedless
perSOlb.frail
3 S 50
2 00
...
23
SPIRITS—
do
12V
22x@
6
80
Cloves
do stems.
52
41
@
@
@
6 12X
6 26
@
6X@
Nutmegs, Batavia and Penang
Pimento, Jamaica
iox
@
34
40
83
Pig, American, No.l.
Pig, American,No.2
Pig, American, Forge
Pig, Scotch
Steel
Batavia
11X
14
13
7
4
6 00
....@
Dome8ticliquor8—CaBh.
OAKCJM—Navy,U.S. Navy & best Vft.
Vitriol, blue.common
"
7XO
IX
3TI8H—
r
Gr’dBk.A Oeorga’s (new) cod.ft qtl. 4 75
6 00
Mackerel, No. l,lf. shore. ...pr.bbl. 20 00
22 00
do' Layer,new
do
Loose Muscatel, new
do
London layers
do
ioxa
@
@
f) ft,gold
Cassia, China Lignea.
16X
nx
5 75
cur.
white
15X@
13 @
6
4
2
Demerara
Porto Rico
N. O., com. to prime
@
@
@
a
@
26
do
do
Calcutta
Mace
3
@
@5 25
’00 ft.gold.
Ginger, African..
12X®
S
None.
••••
common
14
11
00*
6
3
None.
Singapore
do
is*X
12
15
13
@
37xS
^50
Pepper, Batavia
MOLASSES—
80
28
30
18
@
<3
2% 3
Camphor refined
“
Castor oil, E.I. inbond. figal..gold.
Chlorattfpotash
5 7a
3
**
SPICES—
IROIN--
Oak, rough.....'.....
gold.
Argols.reflned
“
Arsenic,powdered
•*
Bicarb.soda,Newcastle.^ 100ft “
4
Blchro. potash....
ftft cur.
Bleaching powder
ft ICO ft. “
l
Brimstone,crude, per ton......gold 21
ftft..cur.
Brimstone, Am. roll
61
Mexican, sheet
Honduras, sheet
Slaughter crop
cur.
gold
.
6 6
Esmaralda, prebsed, strip
Guayaquil, pressed, strip
Panama strip
Carthagena, Dressed..
Nicaragua, sheet
Nicaragua, scrap
20
21
17X3
ft ft
Foreign
Domestic,
21X
21X
21X
8 a
....a
10 @
14
a
cur.
,
22 X
22 X
13X@
....
17X®
...
• A
INDIA RUBBERPara, coarse to fine
17
....<3
Sheathing, new (oyerl2 oz;
Braziers’(over 16 oz.)
American Ingot. Lake
COTTON—See special report.
5V
-
a
(3
•
B
,
Crop of 1S77
Crop of 1375
Olds, all growths
MX
11X
COPPER—
do
21
21
21
is
A*
Calcutta, buffalo...
....
do
Matamoras.
21
66
do.i..
Texas.
L. I. stock—Cal. klpe.slaught
Calcutta kins, dead green..
Llvemoolhousecannel
*
Anthracite—The! following will show p'jlces at
last auction, or present schedule rates:
Penn.
D.L.&W. D.&H. P. &R. L. «fe W.
Auction.
Belied.
Oct. 24.
Sched.
Port
Hoboken. Weehawken.
Johnston.
St’mb...
f2 3l'@2 50
$2 50
12 60
2 42@2 50
Grate
2 50
2 70
2 47@2 55
2 65
Egg
2 75
2
Stove
2 95
r0@2 90
3 0.)
2 25@2 42
Ch’nut..
2 90
2 60
do
California,
do...
do...
do...,
Savanllla,
WeiSalted—Buen. Ay
Para,
California,
Id 00@ 11 00
13 .oua U 00
...
5X
3
a
3
3
3
a
a
22
• 6
Matamoras
27
17
21
23
a
i
II
......
-State
do
Dates
do...
22
Dry Salted—Mara’bo,as they run “
1 70
a
a
1
do...
Corrientes,
Rio Grande,
Orinoco,
6
10
a
23
14
20
19
*4
Dry—Buenos Ayres.selected.fi ft gold
9
•
'
.ft
4 3
..
Jute
CHEESE—
Native Ceylon
Mexican
Jamaica
Maracaibo
Laguayra
St. Domingo
Savanllla
Costa Rica
lOOlb.gold
“
Re-reeled Tsatlees
Re-reeled C otngoun ■
8PELTER—
HIDES-
28
s.xa
7X@
5
9
1 65
46
Montevideo,
5
,.
.
50
00
00
00
t6
4 25
Clinch, lx to 3 In.&longer
.
ft ft
per
SILK—
Usual reel Teatless
Usual reel Tavsaams
@215 00
@135 00
@210 00
gold.205 00
Manila
Sisal
1 13
70 00
22 00
33
a
a 40 00
a 33 00
@100 00
30 00
Wails—:0@60d.ccm.fen.<fc sh.ft keg
4
10
27
1
22
Hemlock boards, each.
Sdflne...
Russia,clean
a
a
a
a
a
a
a
a
45 ou
18 00
25
35 00
3^ 00
SO 00
ft M. ft.
Reflned, pure
Crude
Nitrate soda
60
3
.
2 23
8 uO
23 00
90
Cement—Rosendaie....
V bbl.
80
Lime— Rockland, common....V bbl.
Pint, shipping. box
do tally DCards, com.tog’d,each.
8ALTPETRE-
HAY—
North River Shinning........ ft I0U ft
55
HEMP AND JUl'EAmerlcan dressed
ft ton. 175 30
American undressed
130 00
PRICES CURRENT
Oak......
Ash, good
[VoL. XXV
25 0
a
130*6
ex
....a
•••.ft
<
@FedFRASER